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.

The Third Circuit says the continuing violation theory cannot be applied to a debt collection suit. The ruling affirms a decision by a District Court judge, dismissing the suit. The plaintiff claimed ...

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, ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Utilizing data to drive the right approach in a rapidly changing environment is becoming “more impactful to recovery and collections performance than ever.” Those that do will be able to unlock ...