cfpb consumer debt collection report

CFPB Issues Report on Consumer Experience with Debt Collection

The Consumer Financial Protection Bureau has issued a report on consumer experiences with debt collection. Based on a survey of consumers over 2014-2015, the report looks at various aspects of how consumers dealing with debt collection have been affected. The key findings, reproduced from the report, are...

credit card debt

New Rules for Credit Card Debt Lawsuits Proposed by Massachusetts Court System

Companies collecting credit card debt in Massachusetts may have new requirements to comply with when they file collection lawsuits, if proposed rules are enacted. The Massachusetts court system has issued proposed rules requiring credit companies collecting credit card debts to include additional affidavits, along with verification...