Debt collection

PRA Group announced Monday that Michelle Link, the company’s chief human resources officer, has been named to Human Resource Executive magazine’s 2015 HR Honor Roll.

A report from The Commonwealth Fund indicates consumers are reporting problems affording healthcare as a result of high premiums while the perception of the difficulty also influences care decisions.

It sounded like a sales pitch from the bubble years - "Subprime: The New Normal." But an account executive at the Atlanta mortgage lender Angel Oak Home Loans sought to draw a clear distinction between subprime products pitched today and the infamous stated-income loans of yore.

The amount of people with loans transferred to collection agencies or debt management has more than doubled in the fiscal year ending in September.

One week after the city of Peoria, Ill. issued an edict that $1.8 million in delinquent parking fines were being sent to a state-run collections program, city officials are reporting strong early returns.

The industry won a small victory this month when the House voted to nullify Consumer Financial Protection Bureau guidance that had led to recent auto lender settlements, but the real battle over the bill and its potential impact is just beginning.

Banks continued to report strong profits in the third quarter, but the Federal Deposit Insurance Corp. on Tuesday highlighted a definite warning sign it sees in bank portfolios: riskier loans.

While the CFPB's latest monthly complaint report highlights bank account and service complaints, debt collection ranked as the top category.

TransUnion and Ontario Systems announced Tuesday a collaboration to offer collection agencies TransUnion's new CreditVision recovery model.

Two online lenders associated with Indian tribes have won the dismissal of a lawsuit that alleged the companies were operating in violation of Maryland law.