Two credit-reporting companies say that a jump in lending to borrowers with poor credit has helped lead to a growing number of Americans falling behind on their car payments. Collection & Credit Risk
Complaints against debt collection companies logged with the Consumer Financial Protection Bureau rose in October, as did lawsuits citing alleged violations of the Fair Debt Collection Practices Act and Fair Credit Reporting Act. Collection & Credit Risk
Subprime auto loan delinquencies have risen to levels that are higher than before the financial crisis and arent rising at the same pace as loans to others, Citigroup analysts wrote in a report, without citing specific issuers. Collection & Credit Risk
Consumer credit default ranks showed an uptick in September, according to the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults. Collection & Credit Risk
The rising student loan debt is inconsistent with trends for other U.S. consumer debt categories, according to analysis by Experian. Collection & Credit Risk
WASHINGTON -- Lenders across the country reported increased demand from consumers and businesses, continuing a prevailing trend from earlier this year, according to a Federal Reserve report released Wednesday. Collections - Other Consumer
U.S. foreclosure activity fell 1% in April as banks scheduled fewer auctions even as they reclaimed more homes, according to a report released Thursday by RealtyTrac, which tracks and compiles housing market data. Collections - Other Consumer
