The financial services company Santander's subprime auto lending business is under investigation by Massachusetts Attorney General Martha Coakley's office over concerns it may have been engaged in predatory lending practices. Collection & Credit Risk
Back in the early 2000s, it was considered risky for credit-card companies to lean heavily on their websites to sign up new customers. The perception was that people who were scouring the Web for credit offers tended to be desperate and unreliable. Collection & Credit Risk
The New York Times Magazine is exploring the business of buying and collecting debt in a lengthy feature article looking at two companies and the collection professionals behind them. Collections - Other Consumer
The Consumer Financial Protection Bureau's guidance on the growing mortgage mini-correspondent business has scared some originators to the point that they are considering converting to branches of larger retail lenders. News
A payday lending operation affiliated with a Native American tribe is liable for engaging in deceptive practices and violating federal law by failing to disclose loan terms, U.S. District Judge Gloria Navarro in Las Vegas has ruled. Collections - Other Consumer
