Debt collection

The appetite for credit unions to offer mortgage loans appears to be greater than other financial institutions, according to new TransUnion research.

The financial services industry is engaged in a rousing discussion about credit scoring with alternative data.

Mortgage lender PHH Corp. on Friday received a stay of the CFPB's $109.2 million judgment for alleged violations of the Real Estate Settlement Procedures Act.

In Mexico, debt collection harassment complaints have more than tripled in the first half of this year compared to the same period a year ago.

A group of nonbank small-business lenders unveiled a self-regulatory pledge Thursday designed to bring greater clarity and consistency to their industry's pricing.

WASHINGTON — Bankers are fighting back against a proposal by the Department of Education that would restrict how universities disburse federal student loan funds, calling it a "large-scale incursion" into the banking sector that goes beyond the department's statutory authority.

A New York City law designed to prevent collection law firms from engaging in abusive practices does not infringe on the state's authority to regulate the profession, according to a ruling this week.

Senate Democrats are accusing the Education Department of conducting a deeply flawed review of whether agency contractors cheated military service members on their federal student loans.

Council members in Eclectic, Ala., unhappy with the collection agency that pursues debts owed to the town’s Emergency Medical Services division, voted this week to hire Simmons Collection Agency instead.

WASHINGTON — The Consumer Financial Protection Bureau has ramped up its push for the mortgage industry to switch to an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.