Getting frustrated with attempts by debt collection companies to collect a debt that you may not even owe? If so, you are not alone.
Harassing calls from debt collection agencies are not uncommon. Unfortunately, a large number of people experience these calls for debt that they don't even owe. According to the Consumer Financial Protection Bureau, 40 percent of all reported complaints about debt collection practices are the result of attempts to collect on debt that the consumer does not even owe.
It started as a comedic expose. John Oliver, the current late night host of Last Week Tonight, is known for his exposes. The talented comic has a reputation for providing a humorous spin to the shadier sides of society.
The Consumer Financial Protection Bureau was only created in 2011, but it’s already making enormous strides. In fact, the agency is currently considering new rules meant to strengthen the Fair Debt Collection Practices Act, for FDCPA. This federal law was passed in 1977 to protect debtors from unfair debt-collection activities but, amazingly, this is the first time a specific regulator has been in charge of its interpretation.