Debt collection

The CFPB has released its monthly report on consumer complaints. The latest report highlights consumer complaints related to credit cards as well as consumer complaints from the Chicago metro area.

In what could be seen as another salvo in the battle between fintech "distruptors" and more traditional financial institutions, five large technology companies — Google, Amazon, Apple, PayPal and Intuit — have formed a lobbying and advocacy group dedicated to financial issues.

JPMorgan Chase & Co., the nation’s largest bank by assets, will pay $100 million to settle a California lawsuit alleging it used illegal methods to collect debts from more than 125,000 credit card holders.

A U.S. district court’s efforts to fight foreclosures in Rhode Island by requiring loan modification talks in pending foreclosure cases has led to mixed results, according to Deputy Special Master Barbara Hurst.

A top Treasury Department official has expressed concern that small-business owners don't have adequate protections when borrowing from online lenders.

Global Financial Support, a student financial aid company, is facing a CFPB lawsuit for allegedly tricking consumers into paying for sham financial aid services and falsely indicating it was affiliated with government and academic institutions.

Security National Automotive Acceptance Co. will pay $3.28 million in refunds and fines to settle CFPB charges that it used illegal debt collection tactics against military service members.

The zero or low default rates reported by banks may on the face be a good sign but could suggest mounting future credit risk, based on a review of data published by the FDIC.

A federal judge in Illinois has ruled that national for-profit chain Corinthian Colleges Inc. must pay $531 million in damages to former students for misleading them about their career prospects and engaging in other deceptive practices.

The U.S. Department of Education has released two regulatory packages addressing products and payment plans directed at student borrowers.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

A collection agency allegedly fraudulently collected more than $31 million from thousands of people across the U.S., a sum that could make it the largest collection scheme ever prosecuted.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

The Sixth Circuit Court of Appeals has ruled in favor of collection agency Van Ru Credit Corp. in a case involving a voicemail message left at a consumer’s business.

Utah officials want to make it easier to garnish the bank accounts of delinquent taxpayers by requiring banks and credit unions to turn over targeted customer information.

The operators of an advance fee recovery scheme that falsely claimed it could recover money that consumers had lost to telemarketing scams will be banned from selling recovery services, and from telemarketing, under a court order issued at the FTC's request.

Washington Attorney General Bob Ferguson on Monday announced a $63,000 resolution of an investigation into alleged unfair debt collection practices and deceptive advertising by retailer Freedom Stores Inc.

Sprint will pay $2.95 million in penalties to settle FTC charges that it failed to give proper notice to consumers who were placed in a program for customers with lower credit scores and charged an extra monthly fee.

More than 6.9 million U.S. residential properties were classified as seriously underwater at the end of the third quarter, a drop from the second quarter and from one year ago.

WASHINGTON — Credit risk is once again taking center stage with regulators after several years in which they warned banks about operational risk and other threats.