The last entry on this blog focused on a recent warning to Americans from the Consumer Financial Protection Bureau about a recent wave of debt collection scams that have harmed consumers. The CFPB regulates the financial services industry to protect consumers. Many laws exist to protect consumers from unfair debt collection practices and federal law provides consumers with remedies, including protection and debt relief under the Bankruptcy Code.
The new federal agency that has primary responsibility for regulating consumer protection issues in the financial industry is warning Americans that debt collection scams appear to be on the rise in the country. Followers of this blog know that creditor harassment is a large issue in Ohio, despite consumer protection laws prohibiting unfair debt collection practices.
Creditors have attempted to use a great variety of methods to attempt to collect a debt. This blog has reported several stories of how far some bill collectors will go in seeking to collect debts.