A Snapshot of Consumer Debt Credit card debt in the United States was over $1.2 trillion in late 2025. The average person ...

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who ...

The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were ...

Complaints about aggressive debt collection have skyrocketed in recent months, federal data shows, a sign that more Americans are falling behind on credit cards and medical bills. The rise in ...

Americans kicked off the holiday season with record spending - and record requests for legal help with their debts.

“It’s sort of a head-spinning, 180-degree reversal,” said Chi Chi Wu, an attorney with the National Consumer Law Center, ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Before a debt collector can pursue you for a debt, they are generally required to first send you a debt validation letter. This ...