On August 22, the CFPB released the latest quarterly consumer credit trends report, which focuses on the reporting of telecommunications-debt collections to nationwide consumer reporting agencies based on a sample of approximately 5 million credit records. The report notes that during the past five years approximately 22 percent of credit records contained at least one telecommunications-related (telecom-related) item, with nearly 95 percent of these telecom-related items being reported by collection agencies. The report highlights that 37 percent of consumers who reported having been contacted about a debt in collection in the prior year were contacted about a telecommunications debt, and more than one fifth of all debt collection revenue is telecom-related debt. The report also observed that a single telecom collection may be associated with multiple tradelines in a credit record over time, suggesting that telecom collections are often reassigned. Notably, however, the report suggests that while the presence of a telecom-related collection item on a credit record is most commonly associated with consumers with lower credit scores, the change in score before and after the collection item appears on the credit record is often small, and as a result, a single telecom-related collection is unlikely to affect a credit decision for those consumers.