Recently, the NYC Department of Consumer and Worker Protection (DCWP) published an FAQ document providing guidance on amended rules for debt collectors, set to become effective on October 1.

Debt collectors must prove a few key things before they can collect. Here's what they ask for — and why it matters.

You can do most of these things on your own, including reviewing your credit report for errors and sending dispute letters to credit bureaus ( the CFPB has a template), but many people prefer the ...

Learn how to get rid of your collection debt for less than what's owed.

Collection debt generally operates under its own set of rules and the fees, interest charges and other costs that are allowed to accrue under these rules can cause your balance to balloon out of ...

Impersonation of lenders. The FTC claims the defendants falsely claimed to be affiliated with well-known payday lenders to ...

The department first announced its plans to resume debt collection in April, accusing the Biden administration of keeping the collections pause in place despite loan repayment resuming in October ...

But one of the most powerful ways to save money is often overlooked: paying down debt. During National Financial Literacy Month in April, consider thinking about debt in a different way.

Permanent Ban: The company and its owner are barred from debt collection, with a suspended $9.7 million penalty pending asset turnover. The Federal Trade Commission (FTC) and the State of Nevada ...

The Department of Education announced Monday that it will resume collections on student loan debt next month ... The Department of Education will begin collection on student loans in default ...

The bill also enhances consumer protections by aiming to ensure fair practices in medical debt collection and by increasing oversight of how medical debt is reported and utilized. Vermont ...