Debt collectors are now sliding into your DMs and following you on social media

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Description: Bill collectors can now hunt you down on social media - Dr. Boyce Watkins Apparently, debt collectors have new rights that involve sliding into your DMs and hunting you down on social media. According to USA Today, bill collectors are getting serious: Debt collectors have a variety of ways to contact you, and the Consumer Finance Protection Bureau added a new way for them to reach you: social media. Don't worry, debt collectors won't be able to comment on your posts or write up something for the public to see. But according to a release from the CFPB Tuesday, they now can privately message you on social media. The debt collectors must clearly identify themselves, and they also must include a way for you to stop receiving their messages, basically providing a mechanism to opt out. Changes to integrate modern technological communication methods into the CFPB have been over a year in the making. In October 2020, Kathleen Kraninger, director of the CFPB at the time, announced in a blog post that the agency was making upgrades to the capabilities of debt collectors. Tags used for this video: dr Boyce Watkins,wealth,credit,credit score,collectors,debt,debt collectors,DM,social media,Consumer Finance Protection Bureau,going down in the DM,debt control,FICO,credit bureau,business,black wealth,black business,black people,black community,black women,powernomics,shopping,credit limit,instagram,facebook,twitter,Debt collectors are now sliding into your DMs and following you on social media,follow back,follower,tweet,repost,public,Kathleen Kraninger #drboycewatkins #credit #collections #goingdownintheDM For more information visit https://www.instagram.com/therealboycewatkins/?hl=en