Debt collection

Banks are seeing steady growth in consumer loan demand nationwide, particularly in auto loans and mortgages, according to a report released Wednesday by the Federal Reserve Board.

The FTC's debt collection dialogue event set for Dallas later this month has been moved to a larger venue to accommodate demand. The goal of the series is to share information promoting fair collection practices.

The federal government hopes to convince banks to make more mortgage loans to risky borrowers after several costly disputes over a federal loan program led some to determine it wasn’t worth the trouble.

Arkansas Attorney General Leslie Rutledge’s office said the state has won a $194,500 default judgment against a company that failed to respond to a federal lawsuit alleging violations of consumer protection laws.

The Mortgage Bankers Association sent a letter to the CFPB on Monday asking the regulator to overhaul its consumer complaint database that publishes unverified complaint narratives against mortgage companies and servicers.

A new battle is brewing between Fannie Mae and Freddie Mac as the government-sponsored enterprises set out to boost their purchases of low down payment loans.

Using an expanded view of credit data allowed collection agencies and debt buyers to increase their recovered dollars by up to 9%, according to a new study.

The U.S. Department of Education’s Office of the Inspector General issued a report stating the department failed to hold a student loan management company accountable for correcting deficiencies in its collection system.

A group of small business owners are accusing the Consumer Financial Protection Bureau of plans to dismantle the payday lending industry through proposed new rules.

A Texas law that takes effect Tuesday is designed to help patients negotiate lower bills from hospital-based doctors who aren't in their health insurer's provider network.