WASHINGTON (AP) — The Consumer Financial Protection Bureau sued a major debt collection law firm on Monday, alleging it is a “mill” that produces shoddy, mass-produced credit-card collection lawsuits.

Get to know the research on debt collection lawsuits, racial disparities in judgments, and a big slice of consumer debt: ...

Unpaid debt is creating a boon for lawyers across the country, who are being inundated with calls for help from companies desperate to collect money owed to them. The work is going to debt collection ...

Debt collection can be an unpleasant business, but it's a big one. The industry generates $12.2 billion in revenue for the roughly 4,500 firms chasing down borrowers who owe money on credit cards, ...

A Fourth Circuit panel affirmed the denial of a motion to compel arbitration, finding that the law firm and debt collector who sought to compel arbitration of a class action had waived the right to ...

Debt collectors rarely disappear on their own. Old balances can be sold, resold, and pursued in different ways for years, even after the legal window to sue has closed. I want to walk through how long ...

In this article, we share a timeline of our monthly "bites" for 2023 applicable to debt collection. If debt collection in 2023 had a theme it would be medical debt. Medical debt woes transcend ...

Law firms that engage in collecting debts are not subject to constraints under federal debt collection law if their activities constitute only a small percentage of their overall revenues, a federal ...

A New Jersey law firm must face a proposed class action accusing it of misleading borrowers by implying that paying a debt could remove it from their credit reports when that was not the case, a ...