The clear takeaway from the Consumer Financial Protection Bureau’s first annual report to Congress on enforcement of the Fair Debt Collection Practices Act is that debt collection will be a major focus of both the CFPB and the Federal Trade Commission in 2012. In addition to giving FDCPA enforcement and rulemaking authority to the CFPB, the Dodd-Frank Act transferred from the FTC to the CFPB responsibility for preparing the annual FDCPA report.… Continue Reading