Browsing: Debt collection

Compliance and Risk

The Consumer Financial Protection Bureau this week announced updates to its rulemaking agenda. Items on the agenda and their associated timelines were submitted to the Office of Management and Budget in early March, prior to the outbreak of the coronavirus and the subsequent economic downturn.

Compliance and Risk

After a proposal last year that generated 14,000 comments, the Consumer Financial Protection Bureau expects to issue a final rule this year to address a number of issues related to debt collection, including communication practices and consumer disclosures, according to its annual report to Congress on the Fair Debt Collection Practices Act released today.

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