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Continued: Minnesota attorney general sues Plymouth debt firm over 22% bogus interest

  • Article by: JENNIFER BJORHUS , Star Tribune
  • Last update: January 11, 2014 - 7:54 PM

The Consumer Financial Protection Bureau is considering broad, new debt collection rules that could encompass banks collecting their own debts owed to them. The watchdog agency started accepting consumer complaints about debt collectors in July as part of its giant consumer complaints database.

U.S. Bank and Wells Fargo have said they no longer sell off account overdraft debt to collectors.

 

Jennifer Bjorhus • 612-673-4683

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