In a joint report to Congress, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) detailed actions each agency undertook in 2017 to combat illegal debt collection practices.
The report features letters from CFPB acting director Mick Mulvaney and FTC acting chairman Maureen Ohlhausen about both agencies’ recent coordinated efforts to regulate the debt collection industry in accordance with the Fair Debt Collection Practices Act.
Find out what details both agencies included in the report.