Regulators Draw Up Rules To Stop Abusive Practices By Debt Collectors

Richard Cordray, shown here at a March 2015 hearing, directs the Consumer Financial Protection Bureau, which has proposed new rules to overhaul the multi-billion dollar debt collection industry. (Photo by Steve Helber/AP)
The Consumer Financial Protection Bureau is drawing up new rules that would curb abusive debt collection practices, which it says generated some 85,000 consumer complaints last year alone.
The rules would limit the number of times debt collectors can contact borrowers to collec