An estimated 718 different collection agencies and creditors were sued between April 16-30, according to data pulled from U.S. District courts. Fair Credit Reporting Act cases totaled 749 through April 30, a 69.1% jump from 443 in the year-ago period. Telephone Consumer Protection Act cases totaled 341 through April 30, up 84.3% from 185 in the year-ago period.
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The newly formed Consumer Financial Protection Bureau can’t be happy with these figures. As their crackdown on unscrupulous collectors begins to take shape, Ropay Asset Investors is positioned perfectly to capitalize on the fallout.
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