ONE IN SEVEN AMERICANS IS PURSUED BY A DEBT COLLECTOR


ONE IN SEVEN AMERICANS IS PURSUED BY A DEBT COLLECTOR

The Roosevelt Institute’s Matt Stoller noted today that the Federal Reserve’s latest Quarterly Release on Household Debt and Credit shows that “the number of people subject to third party collections has doubled since 2000, from a little less than 7% to a little over 14% of consumers.” “Ten years ago, one in fourteen American consumers were pursued by debt collectors. Today it’s one in seven,” Stoller noted. The Consumer Financial Protection Bureau — created by the Dodd-Frank financial reform law — released a proposal this month to tighten regulation on debt collectors.

About eslkevin

I am a peace educator who has taken time to teach and work in countries such as the USA, Germany, Japan, Nicaragua, Mexico, the UAE, Kuwait, Oman over the past 4 decades.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.