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In 2016, debtcollection agencies were able to recover roughly $78.5 billion in debts. Healthcare-related debts account for 47% of all the debt that collection agencies recover. Another 16% of debtscollected were government-related.
Introduction: Provides an overview of the CFPB’s enforcement actions addressing illegal debtcollection practices in 2023. Case Summaries: Summarizes four specific enforcement actions taken by the CFPB against debtcollectioncompanies, highlighting the violations found and the remedies imposed.
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