Say NO to CFPB's new debt collection rules
July 25, 2019
They told us if we got educated then we would see success in our lifetime. Yet, more than 44 million Americans have student debts that combine to total $1.5 TRILLION. Having to borrow money for school is stressful enough; abusive debt collection practices don’t help. And now the Consumer Financial Protection Bureau is seeking to increase harassment of graduates over their debts.
The CFPB wants to allow debt collectors to email and text consumers without consent, while also calling up to 7 times per week per debt.
This will disproportionately affect students, two-thirds of whom graduate...