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Dec 2 - Debt collectors can now DM you on social media



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 2 months ago '20        #1
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BuiltForThis  topics gone triple plat - Number 1 spot x9
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Dec 2 - Debt collectors can now DM you on social media
 

 

Debt collectors are now allowed to slide into your DMs, according to new financial regulations that went into effect on Tuesday allowing debt collectors to contact people via their social media accounts.

In essence, that means your Twitter and Facebook Messenger accounts could soon receive messages from debt collectors seeking to track down an unpaid bill. The change could impact tens of millions of Americans, given that one-third of U.S. adults with a credit report has a debt in collections.

Under the new Debt Collection Rule from the Consumer Financial Protection Bureau, debt collectors must abide by some restrictions — but consumer advocates warn that these may not be enough to prevent harm to some debtors. For one, debt collectors don't need a consumer's permission to reach out via social media, and the rule doesn't limit the number of messages they can send.

There are some limitations, however. For one, a debt collector must send private messages that aren't viewable by your friends or the public. In other words, they can't post publicly on your Facebook page about an overdue bill.

Still, consumer advocates say that doesn't go far enough, even though the messages are supposed to be private.

"Even with direct messages, there are risks that messages will go to the wrong people," April Kuehnhoff, staff attorney at the National Consumer Law Center, told CBS MoneyWatch."For example, if a debt collector wants to send a private message to John Smith on Facebook, the collector will need to select the correct John Smith so that it does not send private information about the alleged debt to the wrong person."

She added, "The new rules require a disclosure that the friend request is from a debt collector, but consumers will need to be vigilant for this information to avoid granting a debt collector access to private information that they share with social media contacts."

Consumers can also opt out of social media messages from debt collectors, although that puts the onus on them to take a step to halt the messages. And it's also possible that some consumers could miss DMs from debt collectors if a filter sends the messages to spam or the debt collectors are relying on outdated information, the NCLC said.

The new rule from the CFPB, which is charged with protecting Americans from financial abuse, was cleared more than a year ago and includes the ability for debt collectors to text consumers. The debt collection industry has argued that the new rule is necessary given the changes in communication since the Fair Debt Collection Practices Act, which regulates their industry, was signed into law in 1977.

At the time, there was no texting, social media or widespread email. Debt collectors say the new rule puts them on a "level playing field" with other financial companies and allows them to contact consumers via their preferred method, such as email or texting.

"[t] is a small step forward in modernizing communications with consumers," Mark Neeb, CEO of the debt collector trade group ACA International, said in a statement sent to CBS MoneyWatch.

Limits on phone calls

The new law adds a new limit for debt collectors: They won't be able to call more than seven times in one week about a specific debt. Prior to this, there was no cap on the number of times a collector could call a consumer, although it had a restriction against calling so many times that it would count as harassment.

Consumer advocates point out that this could still result in a lot phone calls — someone with five medical debts in collections could receive up to 35 calls a week, the NCLC noted.

Collection calls rank as the biggest pet peeve of American consumers, with the CFPB receiving more complaints about debt collectors every year than on any other issue.

The new rule also limits a debt collector from contacting a consumer within a week after talking with them on the phone about a debt. However, these new rules don't apply to emails, text messages and social media messages, the CFPB said.


visit this link https://www.cbsnews.com/n .. irect-message/
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31 comments
 

 2 months ago '18        #2
BrooklynDamien  topics gone triple plat - Number 1 spot x2
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They like being left on read i guess
+22   

 2 months ago '16        #3
postemupndunkit 
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Why on earth would someone put this into action
+13   

 2 months ago '18        #4
SFamilyRep  topics gone triple plat - Number 1 spot x4
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If they ain’t answering your calls why in the world would you think they gonna be answering your DM’s???
+18   

 2 months ago '04        #5
ItAlY2BkLyN 
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can you still block em tho
+14   

 2 months ago '16        #6
foshoVoodoo  topics gone triple plat - Number 1 spot x58
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wipipo bout to be getting robbed like never before I got alot of friends that are debt collectors. They not the type of people you would want to have this type of power. I give it a year and a have karens gonna be begging to change this dumb a*s gluttonous law.
+5   

 2 months ago '16        #7
foshoVoodoo  topics gone triple plat - Number 1 spot x58
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this gonna create a whole new type of criminal
witness prophecy
+3   

 2 months ago '21        #8
FleshAxe  topics gone triple plat - Number 1 spot x3
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Most broke n*ggas be flossing on social media with welfare money anyway
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 2 months ago '10        #9
stizz44  topics gone triple plat - Number 1 spot x1
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Some tenants of mine skipped town with $7800 of unpaid rent and damages.

Talk to my lawyer and they like, "we found them selling pitbulls for $5k-$10k a dog on IG and twitter they def have the money and we going to serve them"




FEDS is def watching, be safe with social media.
+16   

 2 months ago '20        #10
Gen Anti Fruit  topics gone triple plat - Number 1 spot x15
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Not if I’m on social media but I’m not.
+1   

 2 months ago '15        #11
POTUS2045  topics gone triple plat - Number 1 spot x1
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 2 months ago '19        #12
citchmook  topics gone triple plat - Number 1 spot x1
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Stay outta debt and this won't be an issue. The main focus of everyone's life should be staying debt free at all costs, you're free to do whatever you want if you're debt free.
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 2 months ago '04        #13
ddash 
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 citchmook said
Stay outta debt and this won't be an issue. The main focus of everyone's life should be staying debt free at all costs, you're free to do whatever you want if you're debt free.
You got a spare room?
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 2 months ago '16        #14
foshoVoodoo  topics gone triple plat - Number 1 spot x58
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 citchmook said
Stay outta debt and this won't be an issue. The main focus of everyone's life should be staying debt free at all costs, you're free to do whatever you want if you're debt free.
my motto is the extreme opposite of this. You never really own anything in the united states even your wife is a rental frfrfrfrfrfrfr



 2 months ago '16        #15
foshoVoodoo  topics gone triple plat - Number 1 spot x58
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 ddash said
You got a spare room?
my bredda ouchea homeless
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 2 months ago '19        #16
Occult Mayne  topics gone triple plat - Number 1 spot x10
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Inb4 Debt Collectors invade BX
@ U got a spare room?
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 2 months ago '04        #17
ddash 
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 Occult Mayne said
Inb4 Debt Collectors invade BX
@ U got a spare room?
1 Day Mane!
+1   

 2 months ago '17        #18
becoolhomie2  topics gone triple plat - Number 1 spot x15
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As long as their owed they will never be broke
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 2 months ago '10        #19
Nautilus O  topics gone triple plat - Number 1 spot x3
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Stripper post a picture of her in Tulum chilling poolside….

Top Comment

-Hi @ootybi*ch looks like you’re enjoying yourself, I wanted to talk to you about you $9,245 balance for your BBL. When are you getting back from Mexico?
+6   

 2 months ago '21        #20
shangxtsungx23  topics gone triple plat - Number 1 spot x3
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 2 months ago '18        #21
Affinity 
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Jokes on them I have no social media
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 2 months ago '20        #22
GunRack 
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Lol imagine someone messaging you on a dating app about your past due bills

Get a Hinge notification on your phone: MDLexi97 messaged you!

BX member:

BX member opens the app and sees her photo



BX member:

BX member opens MDLexi97s message:
Hey fukkboi, you have enough money for that fake Gucci Belt and those ugly a*s Yeezys, then pay your light bill or we gonna cut your sh*t off you broke bastard.


BX member:
+10   

 2 months ago '14        #23
Bigboi781  topics gone triple plat - Number 1 spot x12
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 SFamilyRep said
If they ain’t answering your calls why in the world would you think they gonna be answering your DM’s???
They saw you doing the money phone on IG and they’re wondering where their cash at
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 2 months ago '07        #24
Goosie McNeen 
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 BrooklynDamien said
They like being left on read i guess


Its left UN-READ

And plus, nobody is MAKING people have social media, so fu*k em

 2 months ago '18        #25
antisocial100 
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Bruh imagine them leaving comments on ya pics? Lmfao
+1   



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