Consumer lending

New York Attorney General Eric T. Schneiderman announced Thursday plans to propose legislation to overhaul the state's data security law while requiring new safeguards for the personal data of consumers.

A Minnesota state senator who filed for bankruptcy was relieved of $840,00 in debt last year, including $613,000 owed to the U.S. Small Business Administration.

Global Debt Registry, a debt repository for storing and tracking consumer debt, announced it has secured $7 million in funding. The investment comes on the heels of a landmark year for the company.

Wells Fargo has eased off the gas pedal in auto lending, as concerns about weakening industrywide credit standards continue to spread.

The Consumer Financial Protection Bureau said Wednesday it is seeking comment on a so-called "safe student account scorecard" that colleges could use to see how banks structure the fees, features and "sales tactics" of financial products to students before forming a partnership.

A ruling by the Sixth Circuit Court of Appeals on Tuesday reversed a trial court's dismissal of a Fair Debt Collection Practices Act claim in Buchanan v. Northland Group Inc.

Cream Group Inc., which operates as Oro Marketing, and its mastermind Sami Charchian have agreed to a permanent ban on telemarketing to settle FTC charges that they targeted Spanish-speaking women with false promises that they could make money reselling brand-name goods, such as Gucci and Ralph Lauren.

Pennsylvania defense attorney Nancy Raynor, sanctioned nearly $1 million when a defense expert made a prohibited remark about smoking during a lung cancer-related malpractice case, is now being told it's time to pay up.

The agency appears to be on the verge of reining in lawsuits that have cost banks hundreds of millions of dollars in recent years.

A state ethics commission has hired two collection agencies to pursue nearly a half million dollars in late fees resulting from elected and appointed officials missing or ignoring deadlines for submitting financial disclosure forms.

The gap between high income and middle- and lower-income families' wealth is growing as the economy recovers from the economic downturn, according to a study.

United Kingdom-based collection agency 1st Credit Ltd. could be sold by private equity firm Bridgepoint, according to a recent report.

JPMorgan Chase and Bank of America plan to start offering FICO scores they have on customers to them for free, according to a statement released Monday by the White House.

U.S. auto lending is still booming, but those in the industry are not smiling as widely as you might expect.

Complaints about debt collection are growing among service members. There are now more than 11,000 complaints from service members, veterans and military families since the CFPB began accepting them 18 months ago.

The San Francisco bank will lend to more borrowers with weaker credit histories, an official at the bank said. Bank of the West, a BNP Paribas subsidiary, has proven to be more aggressive than U.S. peers in the past.

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Even is building a mobile money-management service for baristas, Lyft drivers, freelancers and others with unpredictable incomes. For $5 a week, users can draw advances on paychecks during rough patches.

A San Diego-based debt collector has agreed to pay $675,000 in civil penalties and give up $18 million won in court fights against 4,500 consumers, New York Attorney General Eric Schneiderman said Friday.

Debt-buying giant Encore Capital Group Inc. agreed Friday to settle claims that it used improper collection strategies in New York, including obtaining judgments against consumers for debts that were too old to collect.