Debt collection

A joint complaint filed Thursday by federal regulators, if approved by the court, would require Provident Funding Associates to pay $9 million in damages to African-American and Hispanic borrowers for charging higher broker fees on mortgage loans.

The head of the FCC on Wednesday circulated a fact sheet on a proposal aimed at clarifying robocall regulations, among other issues. While the sheet is light on details, at least one consumer group praised the action.

An Atlanta collection agency will shut down after its owner settled alleged violations of the Georgia Fair Business Practices Act. The deal requires him to stay out of the industry for five years or pay a $445,000 penalty.

More than 71 million consumers had an auto loan in the first quarter, an increase from a year earlier and the largest growth since the economic downturn, according to a new report.

West Virginia Attorney General Patrick Morrisey’s office filed a lawsuit Tuesday against a Florida collection agency for allegedly trying to collect unverified and non-existent debts.

The Consumer Financial Protection Bureau officially delayed issuing new debt collection rules until at least December, after originally expecting “pre-rule activities” to last through this past April.

WASHINGTON — The Consumer Financial Protection Bureau is increasingly brandishing a post-crisis tool allowing it to label activities "abusive," but whether financial services firms are closer to understanding the term is still up for debate.

The Consumer Financial Protection Bureau's use of relatively new authority to punish actors for actions considered "abusive" is picking up steam, though the exact meaning of the term is not always easy to grasp.

A federal appeals court decision Friday allows a lawsuit involving interest rates in debt collection cases to move forward as a class action.