Are debt collectors working for the Department of Education letting debtors know their rights? Bloomberg's John Hechinger discusses the rights of borrowers.
The Consumer Financial Protection Bureau is proposing to add the three major credit bureaus and debt colletion companies to the list of businesses the federal agency can now oversee.
The Consumer Financial Protection Bureau is proposing that it examine the business of large debt collectors and to closely watch the major credit reporting bureaus. The focus would be on the larger firms. It's a good move.
The American Banker says that JPMorgan Chase appears to be backing off efforts to collect unpaid credit card debt from its customers. They're not forgiving the debt, but they've quietly stopped going after it.
