The Consumer Financial Protection Bureau yesterday withdrew its request for regulatory approval a planned survey on consumer understanding of debt collection disclosures.
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The Consumer Financial Protection Bureau is gathering information on debt collection-related disclosures, according to a filing in the Federal Register to be published tomorrow.
ABA today commented on the Consumer Financial Protection Bureau’s request for approval under the Paperwork Reduction Act to conduct a survey as part of its study of debt collection disclosures.
Sen. Mark Warner (D-Va.) last week introduced an ABA-supported bipartisan bill clarifying that legally made bank loans may be resold and collected on by nonbank entities at the same interest rate.
A bank that collects on debts it has bought and holds “for its own account” is not a debt collector under the Fair Debt Collection Practices Act, the Supreme Court ruled today in a unanimous decision.
The Consumer Financial Protection Bureau today released a report on consumer experiences with debt collection, relying upon surveys of consumers regarding their experiences with both first-party and third-party debt collectors.
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The Consumer Financial Protection Bureau today ordered Navy Federal Credit Union — the nation’s largest credit union — to pay $28.5 million in restitution and penalties for making undue threats to delinquent customers and cutting off electronic access to accounts and bank cards for customers that failed to pay delinquent loans.
The Consumer Financial Protection Bureau today issued an outline of proposals under consideration for updating the Fair Debt Collection Practices Act.
ABA and the Consumer Bankers Association today challenged the Federal Communications Commission’s proposed rule regarding robocalls made to collect debts owed to or guaranteed by the United States.