Consumer lending

The Consumer Financial Protection Bureau announced Wednesday an application process for requests that areas not currently deemed “rural” receive that designation under federal consumer financial law.

Wisconsin Gov. Scott Walker has signed a Wisconsin Consumer Act amendment that eases rules for debt collectors and clarifies requirements for creditors to collect debts.

The mortgage servicer said it has received letters from the Securities and Exchange Commission regarding separate probes into its collection practices and fees.

The Third Circuit Court of Appeals issued an opinion in October that could drastically expand the already swollen ranks of consumer claimants under the Telephone Consumer Protection Act. It could also make it much more difficult for businesses to successfully defend against such claims in the early stages of litigation.

DBA International has announced its Receivables Management Certification Program (CMCP) continues to be adopted within the industry with nearly 100 member companies and 200 individuals receiving certification.

Debt collection, identity theft and imposter scams were the most common categories of consumer complaints received by the FTC in 2015. Collection complaints took the top spot.

Santander Consumer USA Holdings delayed the filing of its annual report Monday amid discussions with the Securities and Exchange Commission regarding unresolved accounting issues.

Lawmakers have introduced the Medical Debt Relief Act, designed to remove settled and paid medical debts from consumer credit reports, in the Senate and House.

The delinquency rate on first-lien mortgage loans on 1-4 unit residential properties fell at a seasonally adjusted rate of 4.77% in the fourth quarter ended Dec. 31. It marked the lowest level since Q3 2009.

The Lenawee County (Mich.) Prosecutor’s Office began collecting delinquent bills at the start of the year from people who have spent time in the county’s jail. The county faced delinquent bills over the years that totaled more than $20 million.

The Houston-based institution plans to build profit into the repayment agreement for a loan, with profit replacing interest, under the model of other Muslim-based lenders.

The Federal Trade Commission, as a result of a federal court ruling, may attempt to collect up to $3.2 million from marketers who lied about their finances to the FTC when they agreed to settle deceptive advertising charges in 2014.

PRA Group's fourth-quarter financial results reported Thursday showed drops in both revenue and income and mixed news for cash collections.

The Sixth Circuit recently upheld an Ohio federal court's decision to throw out a Telephone Consumer Protection Act suit brought by two hospital patients.

Professional race car driver Scott Tucker has pleaded not guilty in New York to charges in a payday lending scam.

Debt held by consumers in the U.S. as they age is rising, according to an analysis by the Federal Reserve Bank of New York.

Dublin, Ala., an unincorporated borough in Montgomery County, is reviewing whether to hire a collection agency to pursue nearly $100,000 in overdue water, sewer and trash accounts.

The Federal Trade Commission has charged a debt relief operation with falsely representing to financially distressed homeowners and student loan borrowers that it would help get their mortgages and student loans modified.

More borrowers with spotty credit are failing to make monthly car payments on time, a troubling sign for investors who have snapped up billions of dollars of securities backed by risky auto debt.

The Consumer Financial Protection Bureau on Tuesday hit Citigroup with $8 million in fines and restitution for allegedly selling credit card debt with inflated interest rates and failing to send consumer payments to debt buyers.