New York City is finalizing a rule that will give consumers more avenues to challenge medical and other debt pursued by collectors, in a bid to clean up a process plagued with mistakes and confusion.

Debt collection lawsuits have risen in the U.S. since the COVID-19 pandemic ended as a global health emergency in May 2023. Research shows Black and Hispanic borrowers are more likely than white and ...

Collection accounts have become a common issue for borrowers in today's economic landscape. Between issues like persistent inflation, elevated borrowing rates and tighter household budgets, millions ...

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Consumer complaints about aggressive debt collection are way up Elevated delinquencies and an uptick in scams are two potential drivers Here's what to know about your rights if a debt collector ...

Artificial intelligence offers debt collection companies the opportunity to vastly improve margins while achieving higher levels of regulatory compliance and maximizing scalability, writes Ohad Samet, ...

About 71% of U.S. adults surveyed say monthly debt payments prevent them from building wealth or savings, according to a recent survey by the National Foundation for Credit Counseling. "It's a reality ...

Complaints about aggressive debt collection have skyrocketed in recent months, federal data shows, a sign that more Americans are falling behind on credit cards and medical bills. The rise in ...

Financial experts have seen a rise in the level of unsecured debt Floridians have. The Federal Trade Commission has also reported a 150% spike in debt collection calls nationwide. Experts explain what ...

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 ...

DENVER — Colorado is seeing a sharp rise in complaints about debt collection calls, and consumer advocates warn that some of them may cross the line into abusive — or even fraudulent — behavior. A ...