Debt collectors target consumers of color, people making less than $50K

Black Local and National News

by Staff 21 Views

Consumer survey finds bipartisan support for effective debt collection regulation

By Charlene Crowell

A new survey asked likely voters across the country what they thought of a proposed debt collection rule. The response was strong and broad opposition.

Proposed earlier this year by Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger, the rule would authorize debt collectors to expand how often consumers could be contacted as well as the ways such contacts could be made: email, text messages, and more.

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