The Consumer Financial Protection Bureau (CFPB), under the leadership of Mick Mulvaney, has withdrawn its request to the Office of Management and Budget (OMB) to...
The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from...
The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The operation had been extorting money from consumers, who...
The Consumer Financial Protection Bureau (CFPB) has reversed course about debt collection, and, as The American Banker noted, “in a big win for third-party debt...
Debt may be among the most four letter of the four-letter words when payback goes awry. And against the burden of interest — and in the...
In some respects, debt collection remains a bit of gray area, in terms of who owes what, when it can be collected and how firms...
Anyone who’s ever been strapped for cash and looking for a small loan to tide them over until payday has likely turned to debt collection businesses....
The Federal Trade Commission on Tuesday (Feb. 14) laid out how it fought back against illegal debt collection practices in 2016 in its report to...
They say that necessity is the mother of invention. “I came from a poor immigrant background,” said Hanif Joshaghani, cofounder and CEO of Canadian FinTech...