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www.creditandcollectionnews.comHere are the latest trends and developments in debt collection as of now.
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www.creditandcollectionnews.comThe Federal Trade Commission (FTC) has taken emergency action to shut down a deceptive debt relief operation accused of targeting older Americans and veterans with false promises and fraudulent tactics. The scheme, run by a network of seven companies and three individuals under the name Accelerated Debt Settlement, allegedly misled consumers into believing their unsecured debts could be reduced by up to 75%—or more.
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economictimes.indiatimes.comThe number of filings is back above 2020 levels as prices rise and people rely more on credit cards, an analysis finds. But many borrowers don't respond to the suits and lose by default. US Senate Committee • May 14, 2025
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