CFPB Extends Comment Period for Debt Collection Proposal

The Consumer Financial Protection Bureau (Bureau) announced today that it is extending the comment period on its Notice of Proposed Rulemaking (NPRM) implementing the Fair Debt Collection Practices Act (FDCPA). The comment period will be extended from …

The Consumer Financial Protection Bureau (Bureau) announced today that it is extending the comment period on its Notice of Proposed Rulemaking (NPRM) implementing the Fair Debt Collection Practices Act (FDCPA). The comment period will be extended from August 19, 2019, to September 18, 2019. 

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/bureau-extends-comment-period-debt-collection-proposal/

Consumer Financial Protection Bureau Releases Report on Third-Party Debt Collections

The Consumer Financial Protection Bureau
(Bureau) released a report today that found that more than one-in-four
consumers with a credit report have at least one debt in collection by third-party
debt collectors.

The Consumer Financial Protection Bureau (Bureau) released a report today that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collectors.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/bureau-releases-report-third-party-debt-collections/

Consumer Financial Protection Bureau Proposes Regulations to Implement the Fair Debt Collection Practices Act

Today the Consumer Financial Protection Bureau (Bureau) is proposing updates to implement the Fair Debt Collection Practices Act (FDCPA). 

Today the Consumer Financial Protection Bureau (Bureau) is proposing updates to implement the Fair Debt Collection Practices Act (FDCPA). 

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/bureau-proposes-regulations-implement-fair-debt-collection-practices-act/