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Released: November 18, 2011
More complaints being lobbed at aggressive debt collectors
Source: Oren Dorell, USA Today
As consumers struggle to pay their bills, complaints about debt collectors are growing faster than any other industry, federal regulators say.
The Federal Trade Commission reports that the number of complaints about debt collectors rose from 104,766 a year in 2008 to 140,036 in 2010, says Tom Pahl, assistant director of the FTC’s division of financial practices.
The agency has stepped up enforcement, taking 10 companies to court in the past three years, compared with six in the previous three years.
Read Full Article: More complaints being lobbed at aggressive debt collectors
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