The CFPB has announced that it will hold a field hearing on July 10 in Portland, Maine on debt collection.  Director Cordray is slated to give remarks, and he is widely expected to announce that the CFPB has begun taking complaints about debt collection. 

Since it was launched in July 2011 for credit card complaints, the system has been expanded to take complaints about mortgages, credit reporting, bank accounts and services, money transfers, student loans, auto loans and other consumer loans.  Although the CFPB had initially indicated that the system would begin handling debt collection complaints by the end of 2012, subsequent reports pushed the date back until the second quarter of this year.