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Posted Oct 2013
Debt collector's strategy for getting paid: kindnessComment: 1323 days ago
This might work on the minority but with the majority this could be another story.
The one market a number of individuals have been waiting for the CFPB to start watching is debt collection companies. The CFPB does have the mandate to do so, as they are non-bank financial agencies. The bureau has also informed a number of companies in the debt collection business that they will be under Consumer Financial Protection Bureau supervision starting in January. Source: http://personalmoneynetwork.com/moneyblog/2012/10/25/debt-collection-agencies/