U.S. Regulators Propose Huge Overhaul of Debt Collection Industry

(NEW YORK) — The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what’s owed, and give people more ability to dispute their bills. It would be the biggest overhaul…

via U.S. Regulators Propose Huge Overhaul of Debt Collection Industry — TIME