Debt collection

Subprime consumers are being offered more credit cards but delinquency rates remain low, according to the latest TransUnion Industry Insights Report.

The CFPB is considering suing Navient Corp., the largest student loan company in the U.S., for allegedly cheating borrowers. Navient officials disclosed Monday in a Securities and Exchange Commission filing.

For proof that events in emerging markets can influence capital markets in the rest of the world, one need only look at the developments of the last few weeks.

A Kentucky town has filed for bankruptcy, the result of a contract dispute with a local company. It became the first municipality to file for bankruptcy since Detroit did so two years ago.

A Kentucky town has filed for bankruptcy, the result of a contract dispute with a local company. It became the first municipality to file for bankruptcy since Detroit did so two years ago.

A Jackson, Miss. city council member has floated a plan to have local police collect millions of dollars in overdue water bills.

The CFPB and the New York Department of Financial Services filed a lawsuit in federal court against two companies, Pension Funding LLC and Pension Income LLC, and three of the companies’ individual managers for allegedly deceiving consumers about the costs and risks of their pension advance loans.

Eighteen marketers that allegedly cheated U.S. and Canadian consumers out of more than $7 million are banned from selling business or work-at-home opportunities under court orders obtained by the Federal Trade Commission.

Bank repossessions of distressed homes hit a 30-month high in July, as financial institutions continue to work through the backlog of bubble-era loans.

Illinois has amended provisions of the Illinois Collection Agency Act, including removing language about debt collectors and raising the maximum civil penalty for unlicensed practices.