Old Debts, Shady Collectors and Your Rights


BOOK REVIEW

Paper Boys, Author: Jake Halpern.

By Megan McArdle – The problem is enforcement.

The Federal Trade Commission, which is in charge of regulating this stuff, is not really equipped to rid the world of a bunch of fly-by-night collection shops operating out of temporary office spaces or the back of some guy’s warehouse; it’s good at wrangling with corporations that have big, marble-floored headquarters that can’t easily be moved to a nearby shed if the government comes knocking.

It’s easy to see why enforcement would be a low priority when shutting one fishy operation down just means that someone else will pick up the paper and do the same thing — maybe even the owner, operating through a brand-new shell company. more> http://tinyurl.com/qaefsmn

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