Posted inCharlene Crowell, Columnists, Financial Literacy, Op-Ed, Opinion

Civil, Consumer Groups Push Feds on Debt-Collection Regs

When it comes to consumer complaints on credit and lending, debt collection generates more criticism than any other industry. This $13 billion industry makes profits by pursuing at least 77 million consumers each year. Many of the aggressive tactics used are for debts that are not owed, others that are too old to collect or entirely owed by another consumer.