Consumer lending

A judge ordered a Michigan hospital to pay more than $2.7 million as a result of a lawsuit involving plaintiffs who loaned the hospital money.

A lawsuit filed by Indiana’s attorney general accuses a test preparation company of deceptive practices. Unlike a separate New York lawsuit filed against the firm this month, the complaint does not name an affiliate collection agency.

BB&T's auto-finance division will stop dealers from marking up the price on sales contracts, and instead will offer a flat-fee compensation program.

Since the start of the Consumer Financial Protection Bureau, the debt collection industry has lived in a box of great unknowns.

Ally Financial and Ally Bank is starting to pay back $80 million to minority borrowers that the federal government found were victims of discrimination as a result of the companies’ indirect auto lending business.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

The banking industry, which wanted curbs on costly lawsuits over unwanted robo-calls to consumers, was dealt a rebuke Thursday by the Federal Communications Commission.

The Federal Communications Commission rejected requests by banks and other companies that would have curbed lawsuits over unwanted phone calls to consumers.

The CFPB on Wednesday sued an auto loan firm for aggressive debt collection tactics against service members.

The settlement by the California agency and debt buyer forgives more than $600,000 in consumer debt. The company did not admit any wrongdoing.

More than 1.5 million home buyers negatively impacted by the financial crisis could re-enter the mortgage market in the next three years, according to a study that also looked at how big of an impact the mortgage crisis had on consumer credit scores.

Six months after rolling out new collection rules requiring collectors to - among several measures - produce loan documents or a court judgment upon request, New York regulators on Tuesday released more guidance.

The decline in foreclosures and short sales is one of the best signs of how much progress the housing recovery has made. But it's also contributing to a dearth of housing inventory that's constricting the market.

Borrowers who signed up for home equity lines of credit during the real estate price surge were 30 or more days late on $1.8 billion in outstanding balances four months after principal payments began, according to credit reporting firm Equifax.

The Federal Trade Commission and the New York Attorney General’s office gave presentations on collection issues, existing laws and the enforcement of fair practices.

Equifax Inc. announced Monday that it’s working with Credit Builders Alliance to help Americans who are considered to be “credit invisible.”

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.

A study of the top five U.S. auto insurers found an average 49% difference in premium costs for someone with an excellent credit score compared with someone with no credit history.

Global Debt Registry announced that its Account Extinguishment Report is available for free to consumers on its consumer website Debt Lookup. The firm calls it "a solution for protecting consumers from attempts to collect on settled, cancelled or closed accounts."