Debt collectors short on details
- CU and CFA Comments to FTC on Debt Collection and Newer Technologies
Consumers Union and Consumer Federation of America submitted these comments to the Federal Trade Commission (FTC) on how the agency can protect consumers in debt collection as newer technologies evolve.
- PAST DUE: Why Debt Collection Practices and the Debt Buying Industry Need Reform Now
PAST DUE: Why Debt Collection Practices and the Debt Buying Industry Need Reform Now During these difficult economic times, legal services providers have experienced a dramatic influx of requests from clients like Emily who seek assistance in defending improper lawsuits brought by debt collectors. In addition, consumers like Yvonne continue to be hounded years after Continue Reading
- Support for The End Debt Collector Abuse Act
October 21, 2010 The Honorable Al Franken 320 Hart Senate Bldg. Washington, DC 20510 Dear Senator Franken: We applaud you for introducing S.3888, which would protect consumers from a variety of debt collection abuses not currently covered by the Fair Debt Collection Practices Act. This bill takes an important step to curb loopholes found in Continue Reading
- Debt Settlement
Have you been ripped off by a debt settlement company?
- Debt Collection
- FTC Debt Collection Roudtable- CU Comment
Re: Debt Collection Roundtable – Comment, Project No. P094806. Protecting Consumers in Debt Collection Litigation and Arbitration
- California: What to do if You Receive a Demand for Payment from a Creditor or a Debt Collection Agency (DC-1)
- Debt Collection: A Guide for Consumers
- CU supports the Private Child Support Collection Act
Fact sheet on the Private Child Support Collection Act awaiting signature by the CA Governor.
- CU welcomes CFPB move towards cracking down on debt collectors
The CFPB announces plans to create rules for the debt collection industry.
- California Governor Brown Signs Debt Collection Reform Bill
Governor Jerry Brown signed legislation to strengthen state oversight of the debt buying industry and protect consumers from unfair debt collection practices. SB 233, authored by Senator Mark Leno, requires debt buyers to provide consumers and the courts with documentation to prove that a debt is actually owed.
- California Senate passes bill to help protect consumers from unfair debt collection practices
CONSUMERS UNION NEWS RELEASE For Immediate Release: Friday, May 24, 2013 Contact: Michael McCauley, email@example.com or 415-431-6747, ext 126 (office) or 415-902-9537 (cell) California Senate Passes Bill To Strengthen Oversight of Debt Buyers Bill Will Help Protect Consumers From Unfair Debt Collection Practices SACRAMENTO, CA – By a unanimous vote, the Continue Reading
- CU Pushes Debt Collection Reforms As FTC Report Highlights Potential Problems For Consumers
Consumers need protection from debt collection abuses
- Debt collection protections needed for consumers
CU renews call for reforms as the CFPB holds field hearing on debt collection issues
- CFPB Seeks Oversight of Debt Collectors, Credit Bureaus
The CFPB announced plans to bring oversight to debt collectors & credit bureaus under its roof
- FTC announces $2.5 million fine for unfair debt collection practices
The Federal Trade Commission announced a $2.5 million fine against one of the largest debt buyers in the country for using deceptive practices to collect old debts. ConsumersUnion, the nonprofit advocacy arm of Consumer Reports, applauded the FTC’s action but noted that new reforms are needed to protect consumers from unfair debt collection abuses.
- FTC: Debt collection abuses top consumer complaint
Consumers Union calls for new restrictions on debt buying and other safeguards to protect consumers
- Report: Debt collection abuses on the rise
Reforms are needed to protect consumers from being unfairly hounded by debt collectors
- Recent Actions Take Payday Lenders to Task for Deceptive Acts and Practices
by guest blogger Caitlin Watkins Twelve million Americans take out payday loans every year, according to a 2013 Pew report. Payday loans are short-term, high-interest loans – Pew estimates the annual interest rates on such loans at 400%. Folks choose these loans because they are strapped for cash and need money to pay important bills Continue Reading
- New Report Shows International Impact of Credit and Debt on Consumers
Today, Consumers International – a UK-based organization of over 240 member organizations from 120 countries – released a new report entitled Responsible Lending: An International Landscape. According to the report, credit and debt are key issues for consumers around the world – not just here in the U.S. The report includes 15 chapters describing various aspects of Continue Reading
- CFPB Announces Plans to Tighten Rules for Debt Collectors
Today, the Consumer Financial Protection Bureau (CFPB) announced that it has plans to update the rules of the road for debt collectors. In an official notice released this morning, the agency is asking for public comments on how new rules could address the biggest problems in the industry and offer better protections to consumers. Be sure Continue Reading
- CA Governor Signs Law to Stop Abusive Debt Collection Practices
Last week, the Governor of California signed important new legislation aimed at protecting consumers from abusive debt collection practices. The “Fair Debt Buying Practices Act” takes aim at debt buyers – companies that buy consumer debts from creditors on the cheap, and then sue consumers to collect them at full price. These companies have been Continue Reading
- CFPB Takes Strong Stand Against Abusive Debt Collection Practices
The Consumer Financial Protection Bureau (CFPB) is taking new steps to protect consumers who have been subject to harassment or abusive practices from debt collectors over credit card, mortgage, or student loan debts. Some debt collectors aren’t doing enough to make sure that the people they’re calling actually owe money. Many debt buyers purchase debt Continue Reading
- Without Cordray Confirmation, Senator Brown Sees “Limited Window” for CFPB Action on Debt Collectors
There’s been a growing tide of concern recently over debt collection practices, as debt collectors have taken aggressive steps to recover debt – oftentimes without verifying that their information on file is accurate. Since being established in 2011, the Consumer Financial Protection Bureau (CFPB) has worked to protect consumers from a wide variety of abusive Continue Reading
- California AG Sues Chase for “Robo-Signing” in Debt Collection Cases
Today, the California Attorney General announced a lawsuit against JPMorgan Chase, the nation’s biggest bank, over its debt collection practices. The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at least a three-year period. The AG claims that Continue Reading
- “End Debt Collection Abuse Act” Seeks to Protect Patients and Consumers
Recent stories have come out in the news about sick patients being harassed in hospitals – even the emergency room – by debt collectors trying to collect on debts, even if it means getting in the way of them receiving medical treatment. These appalling acts are just some of the abuses that many consumers have Continue Reading
- FTC Turns up the Heat on Debt Buyers
It’s been a bad week for the debt collection industry. The widespread practice of using ”robo-signed” affidavits in debt collection lawsuits is getting increased scrutiny in the courts, according to the American Banker. But that’s not the half of it – now the federal government is intensifying its focus on the most infamous players in the industry – the debt Continue Reading
- 10 Things Debt Collectors Won’t Tell You
A new SmartMoney article gives the inside scoop on what debt collectors can and can’t do, so you know how to assert your rights.