U.S. consumer debt dropped in the last quarter for the first time in a year as mortgage originations fell to the lowest mark since 2000, according to the Federal Reserve Bank of New York's latest quarterly report. Collections - Other Consumer
Wells Fargo & Co. is marketing two pools of troubled mortgage debt estimated at $ 1.3 billion, including mostly reperforming loans as well as nonperforming loans, according to two people with knowledge of the offering. Collections - Other Consumer
Fair Isaac Co. revealed Thursday that its revamped credit score model will not weigh medical debt as heavily as previous versions, a key change given that medical debt accounts for nearly half of all unpaid collections on consumers' credit reports. Collections - Other Consumer
A study released Tuesday found that the share of Americans in collections has remained steady even as the U.S. pares down the size of its credit card debt. Collections - Credit Card
The Consumer Financial Protection Bureau has started fielding complaints about nonbank products such as debt settlement, credit repair and pawn and title loans. Collections - Credit Card
Illinois Attorney General Lisa Madigan filed lawsuits Monday against two student loan servicers, alleging the unlicensed companies imposed illegal fees on delinquent student loan borrowers and deceptively marketed debt solutions. Collections - Other Consumer
A new survey reveals that while 96% of parents still see the value of a college education, 85% are very or somewhat worried that student loan debt will affect their child's ability to buy a home, car or other large purchase after college. Collections - Other Consumer
U.S. consumers, whose use of revolving debt fell by more than 15% once the Great Recession hit, are finally re-embracing the credit card. Collections - Credit Card
WASHINGTON -- Consumers with medical bills in collection can see their credit scores hit by as much as 22 points compared to those with other types of debt, according to a study released Tuesday by the Consumer Financial Protection Bureau. Collections - Other Consumer
A survey of working age low- and middle-income households finds that they accrue credit card debt not necessarily because of irresponsible spending habits. Collections - Credit Card
