Debt Collectors Face New Rules Under Proposal From Consumer Financial Protection Bureau

[Playinghardball]

The government is preparing restrictions on debt collectors, a loosely regulated industry under increasing scrutiny over complaints of abusive tactics. The Consumer Financial Protection Bureau is slated to issue a notice of proposed rulemaking to modernize the legal framework governing debt collection.

The government watchdog is seeking public and business comment before formally proposing the rules, which are expected to be finalized by next year. The bureau is asking Americans whether creditors and collection agencies are providing accurate information about their outstanding debts. It also wants to know whether people are receiving threatening calls at all hours of the night or being dragged into court for money they do not owe.

More here: http://www.washingtonpost.com/business/economy/cfpb-proposes-new-rule-to-govern-debt-collectors/2013/11/05/ef920b86-462a-11e3-bf0c-cebf37c6f484_story.html

[tridim]

1. I had a new one last week...

Five or six scam credit-repair services dressed up as law firms all sent me junk mail at the same time saying I'm being sued by a collection agency. I looked at the details using the case# they provided and I'm not being sued. The name on the docket has the same amount of characters as my full name and the initials are the same. That's it.

Fucking scammers.

[hobbit709]

2. Most of them don't even follow the existing laws.

So what makes anyone think they will follow the new ones?