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Reports continue to highlight debt collection as leading cause of complaints
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Banking, Consumer Protection
Friday, March 25, 2016
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The Consumer Financial Protection Bureau released its fifth annual report on its supervision and enforcement activities under the Fair Debt Collection Practices Act, finding that debt collection remains the largest area for consumer complaints. It also found that servicemembers complained about debt collection practices at twice the rate as non-military consumers. Read on to know what the bureau is targeting.
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