Consumer lending

A libel lawsuit against a Pennsylvania newspaper and three reporters will continue following a ruling by the Pennsylvania Superior Court. A judge brought the suit following a fake courtroom debt collections case.

The Consumer Financial Protection Bureau should have looked more closely at states like Colorado that protect consumers from true predatory lenders while still preserving access to credit.

Counties that had high uninsured rates prior to the implementation of the Affordable Care Act have seen per capita collection balances fall if their state expanded Medicaid.

Community bankers are trying to determine how they can offer affordable small-dollar loans that fit within the Consumer Financial Protection Bureau's complex 1,341-page payday lending plan.

Frustrated by low yields on commercial and real estate loans, banks are finding innovative ways to beef up their consumer loan books. They are creating new business lines, teaming with established retailers, even partnering with alternative lenders in an effort to diversify and generate new streams of revenue.

WASHINGTON — Banks in states with legal marijuana businesses may warm up to them as customers if an amendment to a Senate appropriations bill becomes law.

The U.S. Department of Education has proposed regulations to strengthen a rule against predatory practices by post-secondary institutions.

Lawsuit filings for all key statutes impacting debt collectors dropped in May, according to the latest numbers pulled from U.S. district courts.

Richard Cordray, the director of the Consumer Financial Protection Bureau, is the target of a new TV ad campaign that alleges he is courting potential funders for a run as governor of Ohio by enacting a plan that would benefit trial lawyers. The campaign appears to be the work of Lincoln Strategy Group, a political strategy firm in Phoenix with ties to Republicans.

Tim Sloan, president and COO at Wells Fargo, is widely viewed as next in line to take over as CEO of the bank. He discussed the speculation — as well as energy lending, credit standards, living wills and a number of other topics — in a recent interview.

The head of an allegedly unlawful debt collection operation is banned from that business under a court order obtained by the Federal Trade Commission.

The prospect of banks and credit unions meeting small-dollar loan demand is at risk under the Consumer Financial Protection Bureau's restrictive proposal.

The operators of an alleged mortgage relief scam are charged with bilking millions of dollars from homeowners by falsely telling them they could join a so-called "mass joinder" lawsuit that would save them from foreclosure and provide additional financial awards.

At least one school district will soon review hiring a collection agency to offset aid it is not receiving as a result of the state's budget crisis.

The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations reveals that consumers’ earnings and household income expectations for the coming year declined slightly from April to May while credit availability perceptions compared to last year and the coming year remained unchanged.

Debt collectors, credit card companies and mortgage lenders have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

The FTC and the Florida Attorney General’s office have charged a web of related defendants with bombarding consumers with illegal robocalls in an attempt to sell them bogus credit card interest rate reduction and debt relief services.

Mortgage lenders, debt collectors and credit card companies have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

Consumer advocates are urging the Consumer Financial Protection Bureau to strengthen its proposal to rein in payday lending, arguing it would still allow borrowers to be abused.

The FCC's Consumer Advisory Committee recently reviewed its proposed rule on government debt collection calls and offered ideas about how to inform current rulemaking to implement TCPA amendments.