We support reforms to the financial marketplace to curb bad practices by banks and lenders.
Debt collectors short on details
Debt Collection
Description needed!
Publications
- 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.
Press Releases
- 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
Blog Posts
- 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.
- Debt Collector Mistakenly Targets CA Senator, Tries to Seize His Wages
Think debt collectors don’t target the wrong people? Ask California Senator Lou Correa – he almost got his wages garnished for a debt he didn’t owe.
- Debt Collection Abuses: New Numbers from the FTC Highlight the Need for Reform
The FTC has issued a new report on debt collection underscoring the need for reform.
- More Problems for the Debt Collection Industry
According to the FTC Debt Collection practices are a big problem
- Oh My Gosh, Debt Collectors Need To Change
Minnesota State Fair attendees sound off about debt collection practices
- Time To Reign In Debt Collectors Is Now
Sen. Franken introduces legislation to end debt collector abuse
- NY’s AG goes after Debt Collectors
Instigates more crack downs on debt collection industry
Worried about retirement?
The stock market has been unusually volatile, plunging hundreds of points, creeping back, only to plunge again. It is hard to stay disciplined about saving when every dime you’ve invested can evaporate in a day.
What is your biggest concern about your own retirement? We want to hear from you.
Where to complain
Online, by mail, phone or fax... Agencies need to hear from you!
Stories about Debt Collection
No Way José, Collectors hounding the wrong man
Jose G of El Paso, TX
Creditors harassed parents of debtor son