Debt Relief Scammers Must Pay $5.7M

A U.S. appellate court on Wednesday upheld a district court opinion that several defendants ran a system selling bogus debt relief plans and mortgage help. Read More

Arrow Global to Acquire Competing Capquest

Arrow Global Group, a UK-based buyer of delinquent debt from banks and charge card businesses, will get competing Capquest from a private equity fund for $258 million. Read More

Consumer Spending Rises in August

Consumer spending regained in August as continuous income growth and employment increases led more Americans to retail stores and auto dealerships, the Commerce Department said. Read More

Kmart Says Card Info Stolen in Latest Retail Hack

Sears’ Kmart discount chain, the most recent casualty of hacker assaults on retailers, said it is investigating the incident with law enforcement officials and discovered a security breach. Read More