Revolving consumer credit, which is mostly made up of credit card loans, fell in November by the largest amount in a year, according to a report Thursday from the Federal Reserve Board. Collection & Credit Risk
An estimated 43 million people carry delinquent medical debt on their credit reports and medical bills account for nearly half of all overdue debt on the reports, according to a study released Thursday by the Consumer Financial Protection Bureau. Collection & Credit Risk
The CFPB has hit the auto dealer DriveTime Automotive Group, and its financing arm DT Acceptance Corp., with an $ 8 million fine, alleging that the group made overly aggressive debt collection calls and provided inaccurate data to the credit reporting agencies. Collection & Credit Risk
Americans showed more caution in taking on non-mortgage debt in August, according to the latest consumer borrowing report from the Federal Reserve. Collection & Credit Risk
