U.S. Consumers are 'Hounded' for Debts They Do Not Owe, Says CFPB

It’s bad enough that consumers who have fallen on hard times get threatened by debt collectors, but many get hounded for debts they never owed in the first place. That’s according to the Consumer Financial Protection Bureau, which has issued a report on the more than 30,000 consumer complaints it has received about the debt collection market.

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