Opinions

Colorado Attorney General John Suthers' office announced Wednesday it has filed a lawsuit against Denver-based Regent Asset Management Solutions Inc. and CEO Michael Scata for allegedly violating state consumer protection statutes.

Maryland regulators ordered a Kansas collection agency to stop doing business in Maryland after alleging the company repeatedly tried to collect on illegal payday loans - despite warnings to not do so.

Federal prosecutors have indicted six people in a $32 million international scam that victimized 80 attorneys in Alabama, Georgia, Massachusetts, Pennsylvania and Canada.

The Federal Reserve's forthcoming regulations on debit interchange may settle a long-running debate over whether fraud costs and risks are high enough to justify banks' current fees.

Less than one-fourth of consumers have signed up for debit card overdraft coverage from banks, and 70% say they want to continue to exercise choice in their debit-overdraft options, suggest the results of a survey Consumer Reports publisher Consumers Union released Nov. 16.

Mississippi Attorney General Jim Hood released a statement last week warning consumers about a potential debt collection scam in Mississippi, according to ACA International, the association representing collection agencies and creditors.

The fight over debit card overdraft fees is not over, according to a consortium of consumer-advocacy groups that vows to keep the pressure on regulators to force significant changes in how banks handle such fees.

Though the Consumer Financial Protection Bureau has jurisdiction over a wide range of financial products, Elizabeth Warren is making credit cards her top priority.

Debit card issuers' rewards programs are already being rewritten — and in some cases eliminated — in advance of the Federal Reserve's new interchange rules.

West Virginia Attorney General Darrell McGraw today announced settlement agreements with three unlicensed collection agencies that will result in an estimated $1.3 million in cancelled debts for 161 West Virginia consumers and $15,337 in cash refunds, according to a news release.