Consumer Reports: CFPB Rule Holds Debt Collectors to Higher Standard on Time-Barred Debt But Falls Short of Needed Protection
December 19, 2020
December 19, 2020
YONKERS, New York, Dec. 19 -- Consumer Reports issued the following news release on Dec. 18:
A new rule issued today by the Consumer Financial Protection Bureau will help address longstanding complaints from consumers that they are often sued by debt collectors about money owed long after the statute of limitations has expired. But it falls short of prohibiting the collection of time-barred debt, which Consumer Reports and other consumer groups had urged it to do.
Under . . .
A new rule issued today by the Consumer Financial Protection Bureau will help address longstanding complaints from consumers that they are often sued by debt collectors about money owed long after the statute of limitations has expired. But it falls short of prohibiting the collection of time-barred debt, which Consumer Reports and other consumer groups had urged it to do.
Under . . .