Consumer lending

After several years of tussling with mortgage rules and their implementation, the Consumer Financial Protection Bureau is focusing on several areas that will primarily affect the nonbank market, including debt collection, payday-type loans and prepaid cards.

Most U.S. states have established student loan forgiveness programs that are often offered to public service employees to help borrowers who have federal aid or don’t qualify for Department of Education programs.

Banks finally appear ready to turn the corner on how they view overdrafts — and the change of direction could help not only the industry's public image, but also the bottom line.

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.

Recent high-profile settlements and a New York Times article have drawn fresh attention to problems in the debt collection industry. Many of these could be resolved with the deployment of a trusted national database for consumer debt.

Debt buyer PRA Group announced that Lance L. Weaver has been appointed by the company's board of directors to serve as an independent director.

A voter initiative in South Dakota to cap payday loan interest rates at 36% will be on the state’s ballot next year despite complaints from payday lenders that it will put them out of business.

WASHINGTON — An investigation into potential discriminatory lending practices of a company owned by Berkshire Hathaway is spurring attention by the Consumer Financial Protection Bureau.

A federal court has halted and frozen the assets of an operation that the FTC alleges bilked millions of dollars from nonprofit organizations and small businesses through an office supply scam.

A federal court has halted and frozen the assets of an operation that the FTC alleges bilked millions of dollars from nonprofit organizations and small businesses through an office supply scam.

Some lost their jobs while others made major missteps or faced serious challenges to their business plans. Here are the folks who had a rough 2015 and are looking forward to better times in 2016.