If you’re an older American and you’re having trouble with debt collectors, you’re not alone. Since July 2013, older Americans have submitted approximately 8,700 complaints to us about debt collection. We looked at these complaints and described the most common problems that consumers are experiencing in our snapshot of debt collection complaints submitted by older [...]
Americans pay three times more in medical debt to collection agencies than they pay for credit card and bank debt combined, according to a study by NerdWallet Health. Collection & Credit Risk
Complaints against the collection industry logged with the Consumer Financial Protection Bureau dropped last month. Collection & Credit Risk
The state of New York's court system announced new rules Tuesday designed to ban collecting debts that consumers already have paid off, did not incur or where the six-year statute of limitations has expired. Collection & Credit Risk
The Consumer Financial Protection Bureau and Federal Trade Commission filed an amicus brief in the case of Hernandez v. Williams, Zinman & Parham, which concerns the interpretation and enforcement of the Fair Debt Collection Practices Act. Collections - Other Consumer
Federal lawmakers are calling on the Consumer Financial Protection Bureau and the Department of Defense to investigate a report that some retailers have filed debt collection lawsuits against active duty military. Collections - Other Consumer
The FTC and CFPB will co-host a roundtable in October to examine how debt collection issues affect Latino consumers, especially those who have limited English proficiency. Collections - Other Consumer
A debt collection telephone scam in West Virginia is targeting consumers by summoning them to court over unpaid credit card accounts - debt that in most cases apparently does not exist. Collections - Credit Card
We want to make libraries the go-to place for financial information in every community. And so far, we’ve been met with tremendous enthusiasm – from other government and nonprofit agencies, by library associations and administrators, and by librarians themselves. That’s why we’ve put together resources and materials for libraries to use in their community. We [...]
The people behind a Southern California-based debt collection operation also will pay $ 4 million to settle the case against them. Collections - Credit Card
