CFPB Extends Comment Period on Time-Barred Debt Disclosure Proposal
The CFPB last week announced that it will extend until June 5 the comment deadline for its proposal on time-barred debt disclosures.
Browsing: Debt collection
CFPB Final Rule on Debt Collection Expected This Year
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.
CFPB Proposes Time-Barred Debt Supplement to Third-Party Debt Collection Rule
The Consumer Financial Protection Bureau today published a supplement to its spring 2019 notice of proposed rulemaking on third-party debt collection.
ABA Offers Feedback on CFPB’s Third-Party Debt Collection Rule
In a comment letter to the Consumer Financial Protection Bureau today, The American Bankers Association offered feedback on a long-awaited proposed rule that would modernize and clarify rules related to third-party debt collection.
CFPB Report: One in Four Consumers Have Debt in Third-Party Collections
A report issued today by the Consumer Financial Protection Bureau found that 28% of consumers have at least one debt in collections by a third-party debt collector.
CFPB Proposes Modernization, New Limits on Third-Party Debt Collection
The Consumer Financial Protection Bureau today proposed a long-awaited rule that would modernize and clarify rules around third-party debt collection.
CFPB’s Kraninger Signals Next Steps on Clarifying ‘Abusive’ Standard in UDAAP
The Consumer Financial Protection Bureau will take the next step in its effort to clarify the meaning of “abusive acts or practices” under Section 1031 of the Dodd-Frank Act, CFPB Director Kathy Kraninger said today in her first public remarks.
CFPB Proposal on Debt Collection Expected This Spring
The Consumer Financial Protection Bureau is expected to issue a notice of proposed rulemaking this spring 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.
Supreme Court: Foreclosure Firms Not Considered Debt Collectors Under FDCPA
The Supreme Court today ruled unanimously in the case of Obduskey v. McCarthy & Holthus LLP that a business engaged only in nonjudicial foreclosure proceedings is not a “debt collector” under the Fair Debt Collection Practices Act.
ABA Opposes CFPB’s Premature Debt Collection Data Survey
In a letter to the Consumer Financial Protection Bureau yesterday, the American Bankers Association objected to the bureau’s request to the Office of Management and Budget to conduct a debt collection survey, citing the need for the CFPB to solicit public feedback before moving forward.