Two car title lenders settled Federal Trade Commission charges requiring them to stop using deceptive advertising to market title loans. The complaints mark the first time the FTC has taken action against car title lenders. Collection & Credit Risk
More than 1.1 million households in the U.S. used auto title loans in 2013, according to a survey by the Federal Deposit Insurance Corp. - the first time the agency has included such loans in its annual survey. Collection & Credit Risk
The Consumer Financial Protection Bureau has ordered a New Jersey company, Stonebridge Title Services Inc., to pay $ 30,000 for paying illegal kickbacks for referrals. Collections - Other Consumer
The Consumer Financial Protection Bureau is learning just how hard it is to put effective curbs on small-dollar consumer credit. Collections - Other Consumer
