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Debt collection suits rise sharply, consumer legal protections highlighted

The surge in court filings covers delinquent credit card and other bills, and the new protections discussed may affect how consumers respond when sued.

Reported · Written up by our desk · Equities

New York Times Business reports that consumer debt collection lawsuits have risen sharply, with people increasingly being taken to court over delinquent credit card and other bills.

The outlet highlights that legal protections are emerging to help consumers facing these lawsuits, and it also points to artificial intelligence as a potential lifeline.

According to the report, the growing use of the court system to collect debts is prompting attention to how consumers can defend themselves under the newer rules.

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