Representative Maxine Waters, a Democrat from California Representative Maxine Waters, a Democrat from California and ranking member of the House Financial Services Committee. Photographer: Andrew Harrer/Bloomberg

The CFPB’s proposed third-party debt collection rule would allow collectors to harass consumers and would fail to protect them from predatory practices, House Financial Services Chairwoman Maxine Waters (D-Calif.) said Tuesday.

“This is yet another example of an anti-consumer action at the consumer bureau by a Trump Administration appointee,” Waters said, adding that last year, the agency received about 81,500 complaints about debt collection practices.

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