Consumer lending

A watchdog group is proposing a ballot measure that would impose a cap on interest rates charged by the lenders.

A city of Los Angeles lawsuit accusing Wells Fargo & Co. of opening bank accounts without customers' permission in order to reach sales quotas should be heard in federal court, according to the bank.

Town officials in Manchester, Conn. have hired a collection agency to pursue people who are delinquent on their motor vehicle taxes.

The Consumer Bankers Association praised banks' discipline on managing credit quality for student loans after a report showed a drop in delinquencies.

An analysis by the National Center for Health Statistics shows that the number of Americans experiencing problems paying their medical bills fell between 2011 and mid-2014.

Big banks and institutional lenders approved small-business loans at record rates in May, according to data from Biz2Credit.

The Federal Trade Commission, in testimony before the U.S. Senate Special Committee on Aging, highlighted its approach to protecting consumers from unwanted telemarketing calls and illegal robocalls.

The Consumer Financial Protection Bureau issued a final rule Wednesday that allows it to monitor the biggest nonbank auto finance companies.

Community banks are facing tough choices when it comes to using outsourced labor or beefing up their own staff to handle risk-management tasks.

The Wisconsin Economic Development Corp., the state’s top jobs agency, has written off $7.6 million in taxpayer-funded loans in the four years since it was created.

A California mortgage bank, Guarantee Mortgage Corp., must pay a civil penalty of $228,000 for paying its branch managers based, in part, on the interest rates of the loans they closed.

The FTC has provided its Annual Financial Acts Enforcement Report to the CFPB on enforcement and related activities regarding key industry regulations.

The sheriff of Wall Street is moving on — much to the elation of the financial services sector. Benjamin Lawsky, superintendent of the New York Department of Financial Services, is departing from his position this June. But he is likely to leave a lasting impression on the culture and mission of the department.

Debt collector James A. Havassy and his company, Hamilton Law Group, are defendants in a lawsuit alleging they intimidated family members into paying medical bills.

The Consumer Financial Protection Bureau fined RPM Mortgage and CEO Rob Hirt $20 million for illegally paying bonuses and higher commissions to loan agents to lead people into more expensive loans. Hirt said the company did nothing wrong.

A letter sent to several large banks on Friday advised the banks to limit tellers' access to customer data and do more to detect signs of misbehavior.

Three years after the FTC won a judgment against mortgage relief defendants, duped consumers will receive checks in the mail.

Consumers are on pace to tally another $55.8 billion in credit card debt this year, despite paying off $34.7 billion in card debt during the first quarter, according to a study.

Demand for automobile loans has soared to new levels, Equifax said in a Thursday report. Meanwhile, delinquencies of 60 days or more have hit their lowest point in nearly a decade.

A lawsuit filed Thursday in New York accuses The College Network and its owner of scamming more than 2,000 New Yorkers, leaving them saddled in debt.