Venmo, the digital money transfer company owned by PayPal, is going after consumers who have a negative balance in their accounts. According to a report in The Wall Street Journal, citing customer service emails reviewed by the paper, Venmo is threatening to involve debt collectors to...
The Consumer Financial Protection Bureau fined Security Group, the debt collector, $5 million in the first fine against a company since it hit Wells Fargo with a $1 billion penalty in April. The Wall Street Journal, citing the Consumer Financial Protection Bureau, reported that the...
The Federal Trade Commission (FTC) announced Tuesday (Oct. 17) it had obtained a $4.1 million judgment and a ban on a payday lender. In a press release, the FTC said a federal court issued a default judgment granting the more than $4 million and a...
Over the last few years, the federal government has spent $1 billion a year to pay debt collectors to help struggling borrowers out of their student loan debt and find money to make regular monthly payments. Based on new government data, however, the efforts may have...
November 16, 2023
American consumers are routinely hounded over medical bills they don’t even owe. That’s according to a new report issued Thursday (Nov. 16) by the Consumer Financial Protection Bureau (CFPB), which found that 15% of the complaints the bureau received last year were about debt collectors trying to settle an allegedly unpaid medical bill. “Tens of millions of people are […]
March 25, 2019
Venmo, the digital money transfer company owned by PayPal, is going after consumers who have a negative balance in their accounts. According to a report in The Wall Street Journal, citing...
June 14, 2018
The Consumer Financial Protection Bureau fined Security Group, the debt collector, $5 million in the first fine against a company since it hit Wells Fargo with a $1 billion penalty...
May 22, 2017
Over the last few years, the federal government has spent $1 billion a year to pay debt collectors to help struggling borrowers out of their student loan debt and find money...
