CFPB Report on Debt Collection Industry Released The Consumer Financial Protection Bureau (CFPB) issued an annual report that examines the debt collection industry, consumer complaints, supervisory activities, enforcement actions, and consumer education and...
Debt Collectors Shut Down by CFPB The Consumer Financial Protection Bureau (CFPB) recently took action against a debt collection ring that was robo-calling its debtors and harassing them incessantly. The collectors used bogus names to collect, such as “LRS...
Feds Cut-off Student Loan Debt Collector Navient According to Bloomberg.com, “The U.S. Education Department, citing ‘inaccurate representations’ to student-loan borrowers, will end debt-collection contracts with Navient Corp. and four other student...
Los Angeles, CA February 2, 2015. Payday loans have long been a source of numerous consumer complaints. The federal government, troubled by these numerous complaints, is putting together first ever legislation aimed at regulating this high interest lending industry....
Here is a basic consumer tip that every professional in the finance industry can agree on: be vigilant about your credit report. Several consumer institutions are reporting mistakes on about 25% of credit reports. That’s one in four consumers....
Millions of Americans each month find themselves making late payments to their creditors. If this has happened to you, then it is almost certain that you have received a dreaded collection call. Debt collectors are known for their relentless hounding and will often...
