Consumer lending

A Texas-based collections law firm announced Wednesday that it has helped communities across the state collect an estimated $2.2 million in property taxes from Radio Shack as the company works its way through bankruptcy proceedings.

Payday lending in Alabama hasn't declined in the last six months despite ongoing complaints last year from consumer advocates to rein in the practice in the state, according to the Alabama Banking Department.

Toyota Motor Credit Corp. will change its pricing and compensation system to reduce dealer discretion and financial incentives to mark up interest rates, under an enforcement action by the Consumer Financial Protection Bureau and Department of Justice.

The CFPB notched another victory in its effort to limit dealer discretion after Toyota Motor Credit Corp. agreed to cut in half how much partnering dealerships can mark up the interest rate on a loan as compensation.

CEO Jeffrey Brown spent much of the firm's quarterly earnings call Tuesday responding to the demands of shareholders who are unhappy with Ally's weak stock price.

Lawmakers in Connecticut want to curb deceptive and abusive collection tactics being used by banks and third-party collectors but details on how to proceed were sparse.

Victoria’s Secret faces a class-action lawsuit over allegations that the retailer violated the Telephone Consumer Protection Act by sending a customer 97 text messages in a single day.

First-mortgage originations for subprime borrowers showed steady growth last year from January to October, with more than 312,000 new mortgages originated, totaling $50.7 billion, according to data from the latest Equifax National Consumer Credit Trends Report.

Washington Attorney General Bob Ferguson has requested legislation that would create a program allowing Washington drivers to set up payment plans to pay traffic-based fines. The program aims to reduce the number of people in the state with suspended driver’s licenses, lower court costs and boost local revenue.

The Shareholders Foundation Inc. announced that a lawsuit is pending in South Carolina on behalf of certain buyers of shares of World Acceptance Corp. over the company's alleged violations of laws concerning securities.