Consumer lending

The Federal Trade Commission is publishing procedures for the administrative collection of debts, including those arising under judgments and orders of the FTC.

Two payday lenders have settled Federal Trade Commission charges that they illegally charged consumers across the country undisclosed and inflated fees.

Consumer credit is better than ever before, even as Americans households have started levering up. But the big question for banks looking to re-commit to consumer lending is how.

Banks have made changes to overdrafts, such as lowering fees offering clearer explanations. They better, as the CFPB will soon offer new rules for overdrafts. Plus, overdraft revenue has declined at many banks. Still unanswered is the question of how to offer short-term credit, if overdrafts disappear.

A key consumer confidence measure showed consumers had a more positive view of the economy in December than a month earlier and their optimism about the labor market also has improved.

After the death of former House Financial Services Committee Chairman Michael Oxley on Jan. 1, the media largely focused on his most famous accomplishment: the Sarbanes-Oxley Act of 2002.

A New York resident can bring a lawsuit in federal court to challenge debt collection practices under the Fair Debt Collection Practices Act for a loan that was discharged in bankruptcy, the U.S. Court of Appeals for the Second Circuit ruled Monday.

Credit Bureau Systems Inc. has acquired the business of Fidelis EMS Billing LLC for undisclosed financial terms.

Itaú Unibanco Holding SA, Brazil's largest bank by market value, will pay approximately $305 million for a stake in a debt collection company and a pool of non-performing loans.

The CFPB can proceed with a lawsuit against loan servicer CashCall Inc., a federal judge has ruled, thus rejecting the company's objection that the agency was trampling on states' rights.