If you're one of many Wisconsin residents who are trying their best to rally to overcome serious financial problems, you may also understand what it's like to encounter creditor harassment. Daily life can be stressful enough on its own without having to deal with relentless phone calls or abusive language from strangers on the other end of the line, as they threaten you or otherwise try to intimidate you simply because you owe someone money.
The larger and more aggressive debt collection agencies will have Uncle Sam looking over their shoulder in January. The new Consumer Financial Protection Bureau intends to rein in the abusive collectors and give harassed consumers somewhere else to go other than the overwhelmed Federal Trade Commission which previously had responsibility for keeping collectors at heel. Collection firms that follow the law will still be able to do their job; the C.F.P.B. is not a safe harbor for anyone with legitimate delinquent debts. Complaints about aggressive and illegal dunning practices have been the number-one consumer gripe to the FTC for years.
The Huffington Post chronicles this incredible story in which a debt collector allegedly called 911 on an 85 year old woman: