Debt collection

The National Credit Union Administration's plan to liberalize its rule governing member business lending has touched a raw nerve inside the community banking industry.

A Consumer Financial Protection Bureau plan detailing ways to protect consumers from payday lending "debt traps" has earned widespread support from Americans, according to a survey by Pew Charitable Trusts.

Financial institutions that make routine collection calls now face the threat of "robocall" class action lawsuits. Earlier this month, things went from bad to worse for banks that have not committed any abusive robo-calling practices.

Mortgage servicer Residential Credit Solutions agreed Thursday to pay $1.5 million for blocking consumers’ attempts to keep their homes from foreclosure.

The FTC is mailing nearly $1 million to people who lost money in a credit card interest rate reduction scam.

A new Government Accountability Office report found that the Internal Revenue Service’s uncollected tax debts rose 23% since 2009 to $380 billion while the agency’s collection staff fell 23% during the same period after years of budget cuts.

A House Subcommittee on Communications and Technology hearing on the FCC's policy decisions prompted a discussion on the application of rules regarding robocalls.

One of the nation's largest non-profit colleges is facing an FTC investigation for allegedly deceptive marketing practices.

TransUnion Corp. reported its second-quarter revenue increased 16% in the company's first quarterly financial report since its initial public offering.

West Virginia Attorney General Patrick Morrisey is looking into hiring a lawyer licensed in California to collect a $13.8 million judgment against loan company CashCall Mortgage.

The Consumer Financial Protection Bureau on Tuesday charged Paymap Inc. and LoanCare LLC with deceiving consumers.

Some Democratic lawmakers want to help consumers fight back against creditors. The Consumer Reporting Fairness Act, introduced by Sen. Sherrod Brown, D-Ohio, would make it easier to fix inaccurate credit reports.

Professional race car driver Scott Tucker is working on settling a Federal Trade Commission lawsuit accusing him of involvement in a payday lending scheme.

The House Financial Services Committee is meeting Tuesday to begin voting on several bills that are part of ABA’s Agenda for America’s Hometown Banks.

A group of scammers who promised consumers new Medicare cards to obtain their bank account numbers and debit their accounts reached settlements with the Federal Trade Commission.

Officials in Stockton, Calif. are apologizing to thousands of city residents who were incorrectly notified that they were delinquent on their sewer bills.

A Mississippi woman filed a class-action complaint last week in Chicago’s federal court against finance company First Tower Loan LLC for allegedly violating the Telephone Consumer Protection Act.

WASHINGTON — Two years after a legal challenge to the Consumer Financial Protection Bureau's constitutionality was dismissed by a federal court, the case is unexpectedly back from the dead.

If the decision by the New York appeals court is upheld, banks and other lenders could have trouble finding buyers for credit card and other consumer loans.

The Small Business Administration has worked hard to make its flagship 7(a) loan program more attractive, adding lenders, slashing fees and cutting red tape to speed the review process. Now, the agency is paying the price for its efforts.