NACA in the News: Silicon Valley Wants to Use Algorithms for Data Collection

Wired

Silicon Valley Wants to Use Algorithms for Debt Collection.

“Ira Rheingold, executive director of the National Association of Consumer Advocates, is skeptical. ‘A kinder, gentler debt collector? I’m not sure I’ve seen the beast,’ Rheingold says. No matter how you slice it, ‘they’re simply completing against other creditors to get your money quicker and faster.'”