Debt collection

Officials in Mahanoy City, Pa. will direct delinquent garbage accounts to a new collection agency that will charge people an added 25% late fee on all overdue accounts but will collect no additional fees from the city.

Minnesota lawmakers plan to introduce legislation next year to curb payday lending after a previous proposal failed that would have limited the number of loans consumers can take out to four.

DBA International, an association representing debt buyers, hosted its 2015 Executive Summit this week in Park City, Utah.

Increases in credit card and auto loan balances were not enough to keep overall household debt balances from remaining flat since the first quarter, according to the Federal Reserve Bank of New York’s Household Debt and Credit Report.

The foreclosure crisis is receding, but it has having an enduring impact on lenders' risk appetites.

The New Jersey Senate passed a bill Thursday that would require collection agencies to stop pursuing identity theft victims until the debt is sorted out.

The operation is charged with illegally selling loan applicants’ financial information to a scam operation that took millions of dollars by debiting consumers' bank accounts and charging credit cards without consent.

The Federal Communications Commission fined Travel Club Marketing $2.96 million in what the agency is calling the largest robocall punishment to date.

There are many concerning aspects of the Consumer Financial Protection Bureau's methods, not the least of which include its proclivity to regulate via enforcement and its reliance on overly broad and ambiguous languageto support its activities.

Debt collection giant PRA Group reported growth in revenue, net income and cash collections for the second quarter.