A borrower is in default after an extended period without making payments and failing to restore the loan to good standing.
WASHINGTON — The federal government’s consumer financial watchdog plans to crack down on the nation’s 4,500 debt collectors with new regulations to ensure that collectors are going after the right ...
But the ways debt collectors can contact you are about to change. After seven years of review and deliberation, the Consumer Financial Protection Bureau (CFPB) has finalized revisions to the Fair Debt ...
The CFPB has proposed new debt collection rules that are really, really bad for consumers; Watch out when using Paypal and Venmo because scammers are finding more ways to get access to your money via ...
Debt collectors rarely disappear on their own. Old balances can be sold, resold, and pursued in different ways for years, ...