Category: collection agencies

Government Targets Debt Collectors, Credit Bureaus

A new draft rule proposed today would allow the Consumer Financial Protection Bureau to supervise the largest consumer credit reporting agencies and debt collection companies in the same manner that the government supervises big banks. The director of the agency, Richard Cordray, issued a statement explaining the move, which is by most accounts the most …

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Can You Hear Me Now? Debt Collectors May Soon Call Your Cellphone

If you are delinquent on your student loans and constantly ducking debt collectors as they try to reach you at home, you may soon have an even tougher time getting them off your back. A provision in the President’s proposed deficit reduction plan would allow debt collectors to reach deadbeat borrowers on their mobile phones. …

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