Debt collection

Missouri Attorney General Chris Koster proposed reforms Thursday to stop debt collection practices that he believes unfairly target minority and low-income residents.

An estimated 1,300 former students of defunct for-profit Corinthian Colleges Inc. will have their federal student loans canceled by the U.S. Department of Education after it found students were tricked into taking on the loans, according to a government report released Thursday.

The CFPB took action Thursday against a nationwide credit reporting company and its owner for allegedly illegally obtaining consumer credit reports.

There are still significant problems in the credit card market despite a 2009 reform law that curtailed billions of dollars in unexpected fees, the Consumer Financial Protection Bureau said in a report Thursday.

The operators of a business directory scam allegedly sent collection warnings demanding more than $2,000 for unwanted listings and posed as a third-party collection agency.

The lead plaintiff in a class-action lawsuit filed against Macy’s in New York City accuses the retailer of "coercive collection practice" against minority customers.

An Indiana-based online test preparation company, sued this year by attorneys general in Indiana and New York, terminated employees and told them the firm is going "dormant." One of the firm's major creditors is accusing the company of fraud.

Banks are losing auto-finance market share to captive lenders and finance companies, according to a new report from the credit bureau Experian.

Fallout from the Consumer Financial Protection Bureau’s proposed rules governing payday loans are starting to be felt with payday lending operations across the U.S.

The Iowa Court of Appeals has ruled that Capital One Bank (USA) didn’t violate an Iowa debt collection law by pursuing debt without registering with the state as a debt collector.