Collection Practices Targeted in New CFPB Credit Card Study

The Consumer Financial Protection Bureau announced Tuesday it’s adding two new topics - debt collection practices and ability-to-repay standards - to a planned second credit card market study that could lead to new rules and enforcement actions Collection & Credit Risk

By |2015-03-19T02:02:53-05:00March 19th, 2015|FCRA|Comments Off on Collection Practices Targeted in New CFPB Credit Card Study

Credit Card Debt Soars; Forecast Calls for More

U.S. credit card debt jumped by $ 57.1 billion - up 47% - in 2014 compared to 2013 and the forecast calls for the total to reach $ 60 billion this year, according to a new survey from CardHub. Collection & Credit Risk

By |2015-03-10T23:08:24-05:00March 10th, 2015|FCRA|Comments Off on Credit Card Debt Soars; Forecast Calls for More

Credit Card Balances at Seven-Year High; Delinquency Rates Hold Steady

The credit card delinquency rate remained steady in Q4 compared with a year earlier, while total outstanding credit card balance increased 5%. The increase indicates record growth, the highest yearly jump seen since 2008, according to a TransUnion report. Collection & Credit Risk

By |2015-02-28T18:21:48-06:00February 28th, 2015|FCRA|Comments Off on Credit Card Balances at Seven-Year High; Delinquency Rates Hold Steady

Credit Card Use Fuels Borrowing Jump

Consumer borrowing - including credit card balances, student loans and auto loans - increased in December, according to the Federal Reserve’s monthly consumer credit report. Collection & Credit Risk

By |2015-02-12T11:43:11-06:00February 12th, 2015|FDCPA|Comments Off on Credit Card Use Fuels Borrowing Jump

CFPB Permanently Bans Texas Card Provider

WASHINGTON — The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business. Collection & Credit Risk

By |2015-02-08T11:01:30-06:00February 8th, 2015|FCRA|Comments Off on CFPB Permanently Bans Texas Card Provider

Subprime Credit Card Company Fined $3M

A subprime credit card company in Delaware will pay nearly $ 3 million in refunds and penalties for allegedly charging fees that the Consumer Financial Protection Bureau says violated federal law. Collection & Credit Risk

By |2015-02-08T10:11:20-06:00February 8th, 2015|FDCPA|Comments Off on Subprime Credit Card Company Fined $3M

Schedule Appointment

Make an Appointment Now!

Farmers Branch (Principal Office)

2704 Valley View Lane
Dallas TX 75234

Phone: (214) 556-2300

Fax: (214) 556-2299

Web: Consumer Credit Attorney

Go to Top