Complaints against debt collectors filed with the Consumer Financial Protection Bureau dropped nearly 20 percent in February compared to January - to 2,513 from a revised 3,121. The decline mirrors the drop in CFPB complaint filings across all categories with 9,725 filed in February versus 12,231 in January (a 25.7 percent drop).

"In February we are seeing some volatility in CFPB filings against debt collectors," said Jack Gordon, CEO of WebRecon, the Grand Rapids, Mich.-based firm that pulled the latest data. "The three fewer days in February are not enough to explain the drop, though it is reasonable to expect that the final February total will rise a bit to further close the gap  - but not enough to make this much less dramatic."

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