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How debt collection proposals affect creditors
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Consumer Protection
Tuesday, August 23, 2016
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The Consumer Financial Protection Bureau said in releasing proposed rules for debt collection that its rules would govern third-party collection, and that the bureau would address first-party debt collection rulemaking at a later time. However, parts of the proposed rules directly affect first-party debt collectors, how they keep track of information, and what and how they can sell debt to third-party collectors. Read on for the details.
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