Consumer lending

Global Financial Support, a student financial aid company, is facing a CFPB lawsuit for allegedly tricking consumers into paying for sham financial aid services and falsely indicating it was affiliated with government and academic institutions.

The auto lender has changed the way it calculates its closely-watched provision for credit losses, a move that added to third-quarter profits and raised questions about the transparency of its loan book.

Ally Financial in Detroit drew more deposits into its online bank last quarter, which helped improve its lending margin even as profits declined.

Santander Consumer USA Holdings plans to exit personal lending and focus primarily on its auto-finance business.

Security National Automotive Acceptance Co. will pay $3.28 million in refunds and fines to settle CFPB charges that it used illegal debt collection tactics against military service members.

The zero or low default rates reported by banks may on the face be a good sign but could suggest mounting future credit risk, based on a review of data published by the FDIC.

A federal judge in Illinois has ruled that national for-profit chain Corinthian Colleges Inc. must pay $531 million in damages to former students for misleading them about their career prospects and engaging in other deceptive practices.

The U.S. Department of Education has released two regulatory packages addressing products and payment plans directed at student borrowers.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

A collection agency allegedly fraudulently collected more than $31 million from thousands of people across the U.S., a sum that could make it the largest collection scheme ever prosecuted.