Tumblr Icon RSS Icon

One In Seven Americans Is Pursued By A Debt Collector

By Pat Garofalo  

"One In Seven Americans Is Pursued By A Debt Collector"


google plus icon

The Roosevelt Institute’s Matt Stoller noted today that the Federal Reserve’s latest Quarterly Release on Household Debt and Credit shows that “the number of people subject to third party collections has doubled since 2000, from a little less than 7% to a little over 14% of consumers.” “Ten years ago, one in fourteen American consumers were pursued by debt collectors. Today it’s one in seven,” Stoller noted. The Consumer Financial Protection Bureau — created by the Dodd-Frank financial reform law — released a proposal this month to tighten regulation on debt collectors.

‹ As Republicans Claim Wall Street Reform Is Killing Banks, Bank Profits Hit Highest Level Since 2006

BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008 ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.