As expected, the CFPB has formally withdrawn a proposal that would extend the effective date of two final rules issued under the Fair Debt Collection Practices Act, which governs the activity of third-party debt collectors.
The Consumer Financial Protection Bureau today said it would not delay the effective date of two final rules issued under the Fair Debt Collection Practices Act, which governs the activity of third-party debt collectors.
The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products. Among other things, examiners flagged issues related to consumer reporting, debt collection and payday lending.
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and…
The American Bankers Association and a coalition of financial trade groups filed an amicus brief urging the 11th U.S. Circuit Court of Appeals to rehear Hunstein v. Preferred Collection.
The American Bankers Association and a group of financial trade associations expressed opposition today to the Non-Judicial Foreclosure Debt Collection Clarification Act (H.R. 2547), a bill that would reverse a Supreme Court decision clarifying that a business engaged in non-judicial foreclosure proceedings is not a debt collector.
The Consumer Financial Protection Bureau will propose to extend the effective date of its two recent debt collection rules from Nov. 30 to Jan. 29, 2022.
The Consumer Financial Protection Bureau and Federal Trade Commission released their annual debt collection report summarizing efforts by both agencies to enforce the Fair Debt Collection Practice Act and educate consumers about debt collection.
Acting Consumer Financial Protection Bureau Director Dave Uejio today signaled that the bureau may move to reconsider recent final rulemakings on Qualified Mortgages and debt collection.
The Consumer Financial Protection Bureau today finalized the second part of its debt collection rule, which covers disclosures that debt collectors must provide to consumers pursuant to the Fair Debt Collection Practices Act.