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Debt collectors' 'pay to pay fees' are 'often illegal,' consumer watchdog agency says

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cnbc.com

Certain «junk» fees often levied by debt collectors are illegal under federal law, the Consumer Financial Protection Bureau said Wednesday.

Debt collectors charge so-called «pay-to-pay» fees, also known as convenience fees, when consumers make a payment online or over the phone, according to the federal agency.

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