Talk back on debt collection

[mahatmakanejeeves]

Talk back on debt collection
http://www.washingtonpost.com/business/talk-back-on-debt-collection/2013/11/15/7c5c5bfe-4c00-11e3-ac54-aa84301ced81_story.html

By Michelle Singletary,

If you owe a debt, you should make every effort to pay it. After all, you’ve enjoyed the services or goods that your debt bought. And companies have a right to try to collect or even sell that debt to recoup their money. The more they can collect, the less likely they are to pass on their debt troubles to other consumers in the form of higher prices or the cost of credit.

But consumers have a right to accurate documentation to back up the collection efforts. And certainly folks who don’t owe a debt shouldn’t be harassed or bullied because of some computer error or faulty debt data.

And this is where the Consumer Financial Protection Bureau comes in. The watchdog agency is considering rules for the debt collection market, but before it writes any new regulations or strengthens those already on the books, the agency wants the public to weigh in on an array of issues involved in debt collection.
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Consumers can submit comments at Regulations.gov. But a far easier place to learn about the issues and problems with debt collection is RegulationRoom.org, which is not a government-run site. Instead, trained students and staff at Cornell Law School run it. The Consumer Financial Protection Bureau is working with Cornell to make it simpler for people to submit comments about debt collection.
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Write to Michelle Singletary at The Washington Post, 1150 15th St. NW, Washington, D.C. 20071 or [e-mail].

Regulations.gov
http://www.regulations.gov/

Use the search term "Consumer Financial Protection Bureau."

You want to look at this proposed regulation:

Debt Collection (Regulation F)
http://www.regulations.gov/#!documentDetail;D=CFPB-2013-0033-0001

The other site she mentioned is Regulation Room. You'll see the link to Consumer Debt Collection Practices right on the first page.