With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Collection agencies are allowed to reach out to borrowers through calls, ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Debt collectors are typically hired by lenders to recover unpaid debts ...

Add Yahoo as a preferred source to see more of our stories on Google. Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment. Always ask for detailed ...

Debt collection in emerging markets often feels outdated and can be costly — damaging borrower trust. As consumer lending surges and regulators push for fairer practices, legacy collection outfits are ...

The number of filings is back above 2020 levels as prices rise and people rely more on credit cards, an analysis finds. But many borrowers don’t respond to the suits and lose by default. By Ann Carrns ...

Although Consumer Financial Protection Bureau (CFPB) priorities and mandates are undergoing shifts with the new Trump administration, the CFPB pledged in 2024 to continue its efforts to eliminate ...

In this article, we share a timeline of our monthly "bites" for 2024 applicable to debt collection practices. Like 2023, the theme of 2024 was medical debt collection. The Bureau issued numerous ...

Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment. Always ask for detailed information about the debt and the debt collector’s contact details to ...

Getting served with a lawsuit over unpaid medical bills can be both frustrating and scary, especially when you're already dealing with the aftermath of an illness or injury. It's a real issue millions ...