The Federal Housing Administration's recent premium reduction is undercutting the private sector and expanding the government's role in the housing market, housing finance industry representatives told a House subcommittee on Thursday. News
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
Dollar collections dropped and the amount of credit extended also slipped. Accounts placed for collection fell as well, a sign more creditors are falling too far behind to ignore, sparking more collection activity. Collections - Other Consumer
