Consumer lending

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.

Frederick J. Hanna & Associates agreed Monday to pay $3.1 million to settle a CFPB lawsuit that alleged the firm illegally operated a debt collection lawsuit mill. The law firm has responded to the proposed settlement.

Freddie Mac is one-upping Fannie Mae by offering to retain some home loans that have defects but without requiring that mortgage lenders pay a fee.

The Minnesota Department of Commerce is warning consumers about a debt collection scam where criminals are falsely using the name of a St. Paul, Minn.-based law firm to target victims.

Collection law firm Linebarger, Goggan, Blair and Sampson has prepared a report on its collection of tax delinquencies for a county in Texas.

A Massachusetts law firm allegedly used unfair and deceptive practices to collect debts from hundreds of thousands of residents in the state in recent years, according to Massachusetts Attorney General Maura Healey.

Participants in an alleged credit card laundering scheme agreed to settle FTC charges that they illegally helped provide access to payment networks, enabling scammers to place bogus charges on consumers’ credit cards.

Europe’s largest debt collector announced plans to make more acquisitions as it looks to build its presence in credit management services.

California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.

The Connecticut Department of Banking claims a Native American tribe in Oklahoma is running two illegal high-interest loan operations but the tribe has won a delay in its battle against the imposition of $800,000 in penalties.

California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.

A well-known advocate in the consumer debt relief industry is under investigation by federal authorities in Washington, D.C. and Montana for business ties to payday lenders.