Consumer lending

Consumers are boosting the balances of their personal savings accounts and are also more likely to rollover their monthly credit card balances, according to the 2016 Consumer Financial Literary Survey.

The Federal Trade Commission filed charges Tuesday against the operators of a large-scale scheme involving dozens of companies that allegedly bilked consumers using fake newspaper subscription notices.

LifeLock Inc., an identity theft protection company that settled federal court order contempt charges for $100 million in December, has ramped up internet advertising, TV ad campaigns and direct mail programs to try rebuilding its service and attract new consumers.

PRA Group, a Norfolk, Va.-based debt buyer, announced the creation of a new leadership position - vice president, Office of the Consumer.

A federal court found BlueHippo Funding LLC, BlueHippo Capital LLC and Joseph Rensin in contempt for operating an allegedly deceptive computer financing scheme in violation of a court order the defendants agreed to in 2008.

With an improving economy, higher-quality originations and declining delinquencies, the market for mortgage servicing rights is catching fire.

The U.S. Department of Education has changed the student loan default rates at 21 colleges to allow them to continue receiving federal funding.

Forty percent of newly married people who responded to an Experian survey on finances reported they did not know their spouse’s credit score. One in three said their spouse’s spending habits were not what they expected.

An Oregon lawmaker wants to revive a bill next year that would make it easier to locate debtors who collectively owe the state more than $3 billion in back taxes and other debts.

While it is true that more consumers complain to the Consumer Financial Protection Bureau about their mortgages, the data still reinforces the idea that overdraft fees are more high-cost credit than protection.