Debt Collection NPRM

Subscribe to Debt Collection NPRM via RSS

The CFPB has announced that it will hold a Debt Collection Town Hall in Philadelphia at the University of Pennsylvania beginning at Noon on May 8, 2019. The event will feature remarks from Director Kraninger as well as comments from community groups, industry representatives, and members of the public.

Although the CFPB did not indicate the purpose of the Town Hall, I strongly believe that the CFPB will use the occasion to announce the issuance of its Notice of Proposed Rulemaking (the “NPRM”) regarding third-party debt collection.… Continue Reading

The CFPB has issued its eighth annual Fair Debt Collection Practices Act report covering the CFPB’s and FTC’s activities in 2018.

While the new report incorporates information from the FTC’s annual letter to the CFPB describing its FDCPA activities during the year covered by the report, the report continues the practice begun with last year’s report (issued under former Acting Director Mulvaney’s leadership) of not including the text of the FTC’s letter as an appendix. … Continue Reading

The CFPB published two notices in today’s Federal Register seeking OMB approval for two surveys, one dealing with debt collection and the other with household balance sheets.

Debt collection.  The request described in the notice is a resubmission of a previously published request to OMB seeking approval to conduct an online survey of 8,000 individuals as part of its research on debt collection disclosures. … Continue Reading

Seventy-four organizations that describe themselves as “consumer, community, civil rights, faith, labor and legal services groups” have sent a letter to CFPB Director Kathy Kraninger to “reiterate our concerns about widespread debt collection abuses that we have raised in the past and the ongoing need for better protection against these abuses.”… Continue Reading