CFPB May Block Your Credit Report Complaints

The CFPB has started a process that could make it harder for consumers to file complaints against credit reporting companies. The move responds to industry requests to require additional personal information, limit complaints per phone number, and restrict IP addresses — changes that would hit vulnerable consumers hardest.

Debt Collectors: When They Help and When They Hurt

Quick Answer: Debt collection complaints remained the top consumer complaint category in 2016 at 28%, while imposter scams surpassed identity theft as the second-most reported issue to the FTC. Credit card fraud from stolen data doubled from 16% to 32% between 2015 and 2016.Imposter scam complaints surpassed identity theft for the first time as the …

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