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 ...

The likelihood that a debt collector will sue you over an unpaid balance depends on the debt, the amount and how collectible ...

State and federal enforcement agencies continued to aggressively enforce consumer debt collection protections during 2023. In 2023, Goodwin tracked 22 enforcement actions related to debt collection ...

The most frequent consumer debt collection complaints filed with the CFPB in 2023 were attempts to collect debts that actually were not owed, the bureau said in its annual Fair Debt Collection ...

The Federal Trade Commission logged over 140,000 consumer complaints about debt collection in the second quarter — a 220% jump from the same period a year earlier. Georgia, Texas and Florida recorded ...

Complaints about aggressive debt collection have skyrocketed in recent months, federal data shows, a sign that more Americans are falling behind on credit cards and medical bills. The rise in ...

DAYTON — Complaints about aggressive debt collectors are on the rise as more people find themselves living paycheck to paycheck. Sam Brashears, a single mom working as an appointment scheduler, has ...

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...

Learn what is the statute of limitations on debt, how it varies by state and when debt may no longer be collectible. See how ...

Discover how a Certified Consumer Debt Specialist can aid in debt relief and negotiation. Learn about their certification, benefits, and impact on your finances.

Could your debt be reduced or forgiven? Take our financial relief quiz. Before a debt collector can pursue you for a debt, they are generally required to first send you a debt validation letter. This ...