Consumer lending

The Consumer Financial Protection Bureau complaint portal showed the number of medical debt collection complaints, through early February, began to dip after August 2015.

Democratic lawmakers want the Department of Education to retract findings from a review of loan servicers that its inspector general called "unsupported and inaccurate."

A significant gap remains between the credit scores of women-owned companies and those owned by men, according to a Biz2Credit.com survey.

Total U.S. bankruptcy filings fell 1% to 64,662 in February compared to 65,064 in February 2015, according to the American Bankruptcy Institute, based on data provided by Epiq Systems.

Oversight of the four largest mortgage servicers' compliance with the national mortgage settlement is officially over, the watchdog supervising the process said Thursday.

Debt-buying giant Encore Capital Group has announced it expanded its consumer Bill of Rights to identify customers on active military duty, thus halting all collections on their accounts.

During the fourth quarter of 2015, U.S. auto loans carried longer terms, while average monthly payments rose, and a larger percentage of loans went to less creditworthy borrowers, according to a new report from Experian Automotive.

The CFPB took action Wednesday against online payment platform Dwolla for allegedly deceiving consumers about its data security practices and the safety of its online payment system. Dwolla must pay a $100,000 penalty and fix its security practices.

Ocwen Financial in West Palm Beach, Fla., is the target of a second Securities and Exchange Commission investigation into its mortgage servicing practices.

The Consumer Financial Protection Bureau announced Wednesday an application process for requests that areas not currently deemed “rural” receive that designation under federal consumer financial law.

Wisconsin Gov. Scott Walker has signed a Wisconsin Consumer Act amendment that eases rules for debt collectors and clarifies requirements for creditors to collect debts.

The mortgage servicer said it has received letters from the Securities and Exchange Commission regarding separate probes into its collection practices and fees.

The Third Circuit Court of Appeals issued an opinion in October that could drastically expand the already swollen ranks of consumer claimants under the Telephone Consumer Protection Act. It could also make it much more difficult for businesses to successfully defend against such claims in the early stages of litigation.

DBA International has announced its Receivables Management Certification Program (CMCP) continues to be adopted within the industry with nearly 100 member companies and 200 individuals receiving certification.

Debt collection, identity theft and imposter scams were the most common categories of consumer complaints received by the FTC in 2015. Collection complaints took the top spot.

Santander Consumer USA Holdings delayed the filing of its annual report Monday amid discussions with the Securities and Exchange Commission regarding unresolved accounting issues.

Lawmakers have introduced the Medical Debt Relief Act, designed to remove settled and paid medical debts from consumer credit reports, in the Senate and House.

The delinquency rate on first-lien mortgage loans on 1-4 unit residential properties fell at a seasonally adjusted rate of 4.77% in the fourth quarter ended Dec. 31. It marked the lowest level since Q3 2009.

The Lenawee County (Mich.) Prosecutor’s Office began collecting delinquent bills at the start of the year from people who have spent time in the county’s jail. The county faced delinquent bills over the years that totaled more than $20 million.

The Houston-based institution plans to build profit into the repayment agreement for a loan, with profit replacing interest, under the model of other Muslim-based lenders.