NEW YORK — Debt collectors will be able to start contacting borrowers via text and email under new regulations proposed by the Consumer Financial Protection Bureau.
The rules released Tuesday are an update to debt collection regulations enacted in the 1970s, which never took into account changes in technology, like the use of cellphones, email or the internet.
Under the new rules, third-party debt collectors will be able to call a delinquent borrower up to seven times a week, leaving voicemails if necessary. They will have to leave borrowers alone for at least a week after they reach them by phone.
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3 comments:
Politicians really looking out for the citizens,NOT.
there is a easy solution for that. create a phony email account that you give them and block the numbers from your phone.
I was in an accident(not my fault) and gave my teenage son's cell as an emergency contact and when the hospital started calling about the past due bills that weren't paid by the at-fault driver they kept calling my son. I told him to block them.
Note to self: Don't give an emergency contact. They use the emergency contact number to harass them because rarely there is an emergency.
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