Consumer lending

Discover Financial Services is making an aggressive new bid for consumers who can't qualify for a traditional credit card.

Maria T. Vullo, formerly New York's executive deputy attorney general for Economic Justice, was nominated by Gov. Andrew Cuomo to serve as superintendent of a state agency that has played a key role in cracking down on debt collectors.

Nomorobo, a startup that blocks telemarketing calls, earned an endorsement from telecom giant Time Warner Cable Inc., which recently announced it will provide its phone customers easy access to its third-party robocall-blocking service.

The way the Consumer Financial Protection Bureau is regulating the auto finance industry's relationships with dealers is simply wrong — both legally and ethically — according to Blair Evans of Baker Donelson. It's also directly counterproductive to its goal of protecting consumers, she says.

In South Africa, parents who default on school fees are increasingly being turned over to debt collectors to help debt ridden high schools.

Imagine offering a borrower a better rate or a bigger loan because a handful of his buddies say he is an upstanding guy who they are so confident will pay back his loan that they are willing to cover a portion of it if he doesn't.

Ocwen Financial Corp. will pay $2 million to settle charges that it misstated its financial results in valuing complex mortgage assets, the Securities and Exchange Commission said this week.

A Florida campus of a for-profit college chain used deceptive practices that coerced students into racking up huge debt, according to a newly unsealed whistleblower lawsuit.

Data on consumer borrowing and debt released by S&P Dow Jones Indices and Experian show consumer credit default rates stabilized in December.

At least five regional banks on Thursday discarded concerns about the global economy, stocks, interest rates and credit quality, forecasting loan growth for the rest of this year.