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Over 200 Organizations Call for Protection From Debt Collection Industry

“The CFPB has fumbled its opportunity to issue a proposal that will protect consumers from the worst misconduct in the debt collection market where abuse runs rampant,” said Christine Hines, legislative director at the National Association of Consumer Advocates. “Our only hope is that the bureau will heed the advice and feedback from stakeholders, particularly consumer advocates and consumers themselves, to ensure a final rule that will strengthen existing safeguards instead of weakening them.”