(NEW YORK) — The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what’s owed, and give people more ability to dispute their bills. It would be the biggest overhaul of the debt collection industry since Congress passed the Fair Debt Collections Practices Act nearly 40 years ago.
Similar Stories to U.s. Regulators Propose Huge Overhaul Of Debt Collection Industry on Bing News
Ken Sweet / AP, Time: Business
Wed, 07/27/2016 - 11:53pm
Topics: new york the consumer financial protection bureau fair debt collections practices act americans this cfpb director richard cordray u.s washington collectors margot saunders national consumer law center the cfpb sacramento california cfpb s cfpb regulators propose overhaul debt collection industry rules loans disputes dispute databases proposals consumers provide require dollar valid calling attempts year complaints credit payday system period person easier include
BING NEWS:
- Larry Summers and Natasha Sarin on U.S. economy, tax policy and national debt
Summers and Yale Law School professor Natasha Sarin, who previously worked together in government, share their insights about America’s tax policies, the future of the national debt and the ...
04/16/2024 - 1:00 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more