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Jul 29, 2016
The Consumer Financial Protection Bureau (CFPB), which aims to protect consumers from unfair, deceptive, or abusive practices in the financial markets, released newly proposed rules for debt collectors on July 27th, 2016. If the proposed reforms are adopted, debt collectors would soon be required to not only tell you if a debt is too old to be collected in court, but they would also be required to stop calling you after six attempts in a week. A lot of consumer advocates are saying "It's about time!"