Debt collection

A collection scam involving calls to consumers about alleged past payday loan debts has surfaced in Nebraska, just a week after a similar illegal operation was reported in Minnesota.

Fannie Mae’s latest sale of non-performing loans includes three pools of about seven thousand loans totaling $1.2 billion in unpaid principal balance.

A Georgia legislative panel hearing Thursday reviewed the issue of surprise billings for medical care, which can confound consumers and lead to difficult collection practices.

Consumer loan delinquencies fell sharply in the second quarter ended June 30, thanks to large drops in home loan-related delinquencies, according to the American Bankers Association.

Payday lenders in Alabama have issued 386,641 payday loans in the last two months, according to a database that started tracking the lending on Aug. 10.

An ACLU chapter sued Benton County, Wash., accusing it of sending people to jail or forcing them to toil on work crews if they fail to pay their court fines. The class-action case wants a ruling on the constitutionality of the county's collection strategies.

Minnesota’s Supreme Court ruled Wednesday that out-of-state payday lenders will have to follow the state’s strict lender law for Internet loans, rejecting an argument that the law is unconstitutional.

Consumer borrowing rose in August at the slowest pace in six months, reflecting a cooling in lending for student loans and autos, but still reached a record $3.47 trillion, according to Federal Reserve figures.

WASHINGTON — It may not be an outright ban on arbitration clauses, but the Consumer Financial Protection Bureau's impending proposal to enable more class-action lawsuits comes close.

Approximately 17.6 million people over the age of 16 reported at least one incident of identity theft in 2014, according to a new report from the Bureau of Justice Statistics.