Debt Collectors Out To Prove They Are Not All Zombie Bullies Who Want To Eat Your Face

Debt Collectors Out To Prove They Are Not All Zombie Bullies Who Want To Eat Your Face

For decades, U.S. debt collectors have plied their trade under the watchful but lazy eye of the Federal Trade Commission, which has the authority to go after the worst of the bunch but can’t create new rules governing these businesses. But later this summer, debt collectors will come under the supervision of the new Consumer Financial Protection Bureau… and that scares them, especially after complaints about debt collectors jumped 17% last year to 140,036. [More]