Congressional Research Service Report: 'The Debt Collection Market & Selected Policy Issues'
May 07, 2021
May 07, 2021
WASHINGTON, May 7 -- The Congressional Research Service issued the following report (No. R46477) on May 6, 2021, entitled "The Debt Collection Market and Selected Policy Issues" by financial economics analyst Cheryl R. Cooper:
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SUMMARY
When a consumer defaults on a debt, a third-party debt collector often collects the debt obligation rather than the lender to whom the debt is originally owed. The debt collection market helps lenders recoup th . . .
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SUMMARY
When a consumer defaults on a debt, a third-party debt collector often collects the debt obligation rather than the lender to whom the debt is originally owed. The debt collection market helps lenders recoup th . . .