2013 brings new oversight on debt collectors to be sure they treat people fairly
Photographer: AP Graphics Bank
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 12/18/2012
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By: Michelle Lowry
TULSA - Phones ringing off the hook at all hours, scare tactics and even threats -- there are rules against debt collectors being abusive toward debtors but not everyone follows the rules.
Beginning Jan. 2, 2013 the Consumer Financial Protection Bureau (CFPB) begins oversight on collectors that go after $10 million in debt,or more each year. That's roughly 175 of the debt collection companies in America.
View your rights under the Fair Debt Collection Practices Act online through the Federal Trade Commission.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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