DEBT COLLECTION PRACTICES

Rod Boshart
Published: March 4 2014 | 12:41 pm - Updated: 1 April 2014 | 9:08 am in

Iowa Attorney General Tom Miller is calling for new federal debt collection rules to help "even playing field for consumers. Miller has joined attorneys general in 30 states plus the District of Columbia in urging the Consumer Financial Protection Bureau to adopt strong new debt collection rules that will better protect consumers and military service members. "We're providing input to the CFPB as it considers implementing new rules to ensure that debt buyers and debt collectors are following the law and that consumers are better protected," Miller said in a statement. The federal bureau has sought input from regulators, the collection industry, and consumers about the debt collection system and avenues for rulemaking. In Iowa last year, debt collection complaints ranked No. 2 in the number of complaints consumers filed with the Consumer Protection Division, according to the AGs office. Nationally, debt collection complaints topped all others that consumers filed with state attorneys general.

 

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