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Consumer Reports letter to CFPB on proposed disclosures for time-barred debt

Consumer Reports’ comment letter to the Consumer Financial Protection Bureau on proposed model disclosure notices for time-barred debt.  CR notes that the proposed disclosures do not adequately protect consumers from the complexities and subsequent consequences associated with time-barred debt and revival.  Instead, CR urges the CFPB to ban the collection of time-barred debt.

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