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Federal trade commision initiative created to stop corrupt debt collectors

Debt collectors, payday lenders collected over $500 million in federal pandemic relief

Debt collectors, payday lenders collected over $500 million in federal pandemic relief Peter Whoriskey, Joel Jacobs, Aaron Gregg © Michael S. Williamson/The Washington Post A customer leaves a payday loan store in Maryland. The check-cashing and payday loan services industry has thousands of branch offices nationwide. A Texas firm that describes itself as one of the nation’s largest medical bill collectors was racking up consumer complaints last year. “For months this company has been reporting inaccurate, unverifiable, erroneous things on my credit report and I am sick of it!!!” states one consumer’s report to the Consumer Financial Protection Bureau in January 2020.