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Resource ID: #24391
Subject: Financial Investigations
Source: Scripps Howard News Service
Affiliation: 
Date: 11/04/2009; 11/30/2009;

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Description

Increasing abuse by debt collectors not only violates federal law, but is indicative of a growing $60 billion market for reselling debt. The massive market resembles the unstable mortgage-security market, and collapse could put the economy on the brink again. Additionally, tactics used by debt collectors are abusive and often unfounded on any hard evidence of consumer debt. The debt resale market is plagued with problems that surface in this investigation.

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