Merchant

Several key statistics tracked carefully by collection agencies and creditors surprisingly dropped in August, including lawsuits and complaints filed with the Consumer Financial Protection Bureau.

New York Attorney General Eric Schneiderman on Tuesday announced the arrest of five people, including three bank tellers, for taking part in an identity theft ring.

Tucker, Albin and Associates Inc. earned a spot on the latest Inc. 5000 list published by Inc. magazine. The list honors growing privately held U.S. companies.

The state of New York's court system announced new rules Tuesday designed to ban collecting debts that consumers already have paid off, did not incur or where the six-year statute of limitations has expired.

Subway's substantial support of the telco-led Softcard mobile wallet and the recently unveiled Apple Pay, which both use Near Field Communication for payments, is a sign that the technology's interoperability is paying off in larger deployments.

The ability to stop using credit cards and pay cash for purchases can be a sign of financial stability as it proves a person’s lifestyle is in line with their income, according to an industry association. Not surprisingly, many people are in the danger zone.

The House of Representatives approved an update to the Truth in Caller ID Act of 2009 that protects consumers from receiving calls and text messages on cell phones from a phone number that is deliberately falsified.

Collection agencies and debt buyers collecting from people in Arkansas must have a license to operate in the state if they want to legally do so, the Arkansas Supreme Court has ruled.

The city of El Paso, Texas is reviewing whether to make a zoning change that would limit where payday and auto loan companies can operate.

Frederick J. Hanna & Associates filed a motion Friday in U.S. District Court to dismiss the Consumer Financial Protection Bureau's lawsuit charging the firm and its three principal partners with operating a collection lawsuit mill.