While attending this year’s DBA International Annual Conference, I had the opportunity to hear remarks from Kent Markus, the CFPB’s Director of Enforcement, regarding the CFPB’s approach to enforcement actions generally, as well as with regard to the debt buying industry.   

Mr. Markus began his remarks by stating that the CFPB “believes that people should pay the debts that they legally owe” and that the CFPB recognizes that many debt collectors and debt buyers “play by the rules” and “add value” to the debt market.  … Continue Reading