Consumer lending

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.

JPMorgan Chase announced it is closing its Houston auto loan collections unit and laying off 90 workers.

Ontario Systems announced Monday it has acquired Columbia Ultimate Business Systems in a deal joining two of the largest ARM industry vendors, with each holding distinct market-leading positions in adjacent verticals.

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 Federal Trade Commission claims two Southern California law firms bilked people for $15 million in a single year in a mortgage scam.

TransUnion has been awarded the 2016 Javelin Identity Protection Leader in Resolution, the company announced.

Mississippi officials report that the state's ban on payday loan rollovers will remain intact after the Consumer Financial Protection Bureau enacts new rules on payday lending.

The City of York, Pa., has partnered with MuniServices LLC, a business of PRA Group Inc., to provide revenue discovery and recovery services.

Adli Dasuqi and his companies, American Handicapped Inc. and American Handicapped and Disadvantaged Workers Inc., agreed to settle FTC charges that they tricked consumers into buying household products on the pretext that the proceeds would help disabled people.

Outstanding consumer credit, a measure of nonmortgage debt, rose by a seasonally adjusted $13.4 billion in April from March, according to the Federal Reserve.

Walk down your average street in this country, and you'll find it easier to take out a loan than buy a coffee. With 22,000 payday lending locations in the U.S., Starbucks would have to grow three times in size to compete. Since the 1990s, annual loan volume has bloated to an estimated $27 billion. That's a lot of coffee.