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Thursday, May 09, 2019

Debt Collectors Could Be Allowed to Call, Text and Email You Every Day

https://www.marketwatch.com/story/debt-collectors-could-be-allowed-to-call-text-and-email-you-every-day-2019-05-08

Debt collectors could soon be making a comeback.
Delinquent consumers could get phone calls up to seven times a week, and an unlimited number of texts and emails from debt collectors under the rule proposed by the Consumer Financial Protection Bureau released this week, making it the first major update in more than 40 years.
The new proposal states that once a debt collector speaks to a consumer, however, they’re not allowed to call again for a week. There is no limit to how many emails or text messages they can send under the proposed rule. Consumers will have to opt out or unsubscribe to texts and emails.

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