On September 5, the FTC published a letter to the CFPB on the Commission’s annual summary of debt collection activities in 2023. Addressed to CFPB Director Rohit Chopra, the report aimed to assist the ...

Continuing its attack on the $220 billion worth of medical debt owed by Americans and the impact it can have on their lives, the Consumer Financial Protection Bureau recently issued guidance to ...

The Consumer Financial Protection Bureau said Friday it has ordered medical debt collector Commonwealth Financial Systems of Dickson City, Pa., to cease operations and pay a $95,000 penalty for ...

If you've received a call or a letter from a debt collector claiming you owe money, but you believe there's been a mistake, you have rights under the law to challenge it. But while disputing a debt ...

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 ...

Key Takeaways Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of ...

Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment. Always ask for detailed information about the debt and the debt collector’s contact details to ...

Federal regulators have ordered the National Collegiate Student Loan Trusts to stop certain debt collection activities, providing relief for some borrowers who have been targeted by unlawful lawsuits.

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced a settlement with the National Collegiate Student Loan Trusts, resolving claims that the Trusts engaged in unlawful debt ...