Revolving Credit Falls; Overall Credit Grows

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

By |2015-01-10T23:52:51-06:00January 10th, 2015|FDCPA|Comments Off on Revolving Credit Falls; Overall Credit Grows

Medical Collections, Scoring Scrutiny Grows

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

By |2014-12-13T13:37:54-06:00December 13th, 2014|FDCPA|Comments Off on Medical Collections, Scoring Scrutiny Grows

CFPB Spotlight on Auto Sector Grows with Dealer Fine

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

By |2014-12-01T09:13:30-06:00December 1st, 2014|FDCPA|Comments Off on CFPB Spotlight on Auto Sector Grows with Dealer Fine

Consumer Borrowing Slows, Grows in August

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

By |2014-10-09T15:04:20-05:00October 9th, 2014|FDCPA|Comments Off on Consumer Borrowing Slows, Grows in August

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