Welcome to RegulationRoom NancyH and thanks for your comment. How do you think CFPB can help address this problem?
The agency also values information on good debt collection practices. Do you have suggestions on ways to promote these practices and provide a safe harbor for responsible debt collectors, while protecting consumers from bad practices?
What Nancy H said exemplifies the problem: no standards across the board. Best of luck to you. What happens to you in this situation depends on the collection agency, the creditor (in the first place) and where you live. Where you live should not be a factor.
Moderator
1
Welcome to RegulationRoom NancyH and thanks for your comment. How do you think CFPB can help address this problem? The agency also values information on good debt collection practices. Do you have suggestions on ways to promote these practices and provide a safe harbor for responsible debt collectors, while protecting consumers from bad practices?
View this comment in the discussion thread
gmt512
2
What Nancy H said exemplifies the problem: no standards across the board. Best of luck to you. What happens to you in this situation depends on the collection agency, the creditor (in the first place) and where you live. Where you live should not be a factor.
View this comment in the discussion thread