On October 1, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an advisory opinion aimed at debt collectors and emphasizing their obligations under the Fair Debt Collection Practices ...

Are they calling you to collect a debt? If this is your situation, the Consumer Financial Protection Bureau (CFPB) shares 4 unfair practices that debt collectors cannot do, according to the Fair Debt ...

On July 2, 2024, the Consumer Financial Protection Bureau (CFPB) released a new edition of Supervisory Highlights, with a particular focus on account management and collection practices across auto ...

Medical debt is a fact of life for millions of Americans, and the numbers are staggering. Roughly 20 million adults owe at least $250, while the total medical debt owed nationwide exceeds $220 billion ...

The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were ...

(WJAR) — It's bad enough having a debt collector come after you when you owe money. It's even worse when you don't owe them a dime! “What these phantom debt collectors do is they will try and collect ...

The Consumer Financial Protection Bureau (CFPB) periodically publishes its supervisory highlights reports to share key examination findings, communicate operational changes to its supervision program, ...

The Consumer Financial Protection Bureau (CFPB) is on a mission to protect consumers from illegal medical debt collection practices. It issued advisories in October identifying illegal practices and ...

Equifax and Portfolio Recovery Associates LLC were sued Friday in Florida Southern District Court for claims under the Fair Debt Collection Practices Act. The lawsuit, filed by the Law Office of Jason ...

Debt collection is a legitimate business — when done legally. But too often, debt collectors choose to push the boundaries, especially when they assume the person on the other end of the line isn't ...

The Consumer Financial Protection Bureau is planning to revoke an advisory opinion warning debt collectors — including third-party revenue cycle management companies — that they are violating federal ...