Debt Collection

CFPB Report: One In Four Consumers Have Debt In Collections
CFPB Report: One In Four Consumers Have Debt In Collections
July 19, 2019  |  Debt

More than a quarter of consumers have one debt in collections, according to data from the Consumer Financial Protection Bureau. A large swath of that is...

READ MORE >
Senators Urge CFPB To Reconsider Debt Collection Overhaul
Senators Urge CFPB To Reconsider Debt Collection Overhaul
June 10, 2019  |  Regulation

A group of senators is urging the Consumer Financial Protection Bureau to reconsider a recently proposed overhaul of debt collection practices that among other things...

READ MORE >
CFPB Sues Debt-Collection Agency Over Deception Allegations
CFPB Sues Debt-Collection Agency Over Deception Allegations
May 17, 2019  |  Legal

The Consumer Financial Protection Bureau (CFPB) said Friday (May 17) that it has filed a lawsuit in federal court against a debt-collection agency that, the agency...

READ MORE >
Real-Time Payments, Mastercard And Visa Deals Dominate This Week’s News
Real-Time Payments, Mastercard And Visa Deals Dominate This Week’s News
May 10, 2019  |  News

At the end of another busy week, it can pay to look back at some of the biggest recent news in payments and commerce. And...

READ MORE >
Debt Collection, Done Digitally?
Debt Collection, Done Digitally?
May 07, 2019  |  Regulation

Unlimited texting? Perhaps. Nights and weekends – well, maybe not. The latest salvo of proposed rule-making that would change the debt collection landscape seeks to...

READ MORE >
CFPB Proposes Implementation Of Fair Debt Collection Practices Act
CFPB Proposes Implementation Of Fair Debt Collection Practices Act
May 07, 2019  |  Regulation

The Consumer Financial Protection Bureau (CFPB) announced on Tuesday (May 7) that it has introduced a proposal to implement the Fair Debt Collection Practices Act....

READ MORE >
Kraninger Outlines CFPB Roadmap, Success Factors
Kraninger Outlines CFPB Roadmap, Success Factors
April 19, 2019  |  CFPB

In a series of statements and interviews, Kathy Kraninger, the new director (as of December of 2018) of the Consumer Financial Protection Bureau, has laid...

READ MORE >
Venmo Pursues Customers With Negative Balances
Venmo Pursues Customers With Negative Balances
March 25, 2019  |  Payment Methods

Venmo, the digital money transfer company owned by PayPal, is going after consumers who have a negative balance in their accounts. According to a report in...

READ MORE >
How Payment Plans Can Cure Healthcare Payments’ Biggest Problem
How Payment Plans Can Cure Healthcare Payments’ Biggest Problem
February 14, 2019  |  Healthcare

Americans are on the hook for an ever-increasing percentage of their medical bills. As healthcare becomes a tough pill to swallow financially, 57 percent of...

READ MORE >