Pointing to key highlights in regulatory efforts to stop unlawful debt collection practices, the Consumer Financial Protection Bureau (CFPB) stated that it intends to issue a new notice of proposed rulemaking (ANPR) on debt collection addressing issues such as communication practices and disclosure requirements.
The announcement comes more than five years after the CFPB’s first ANPR and nearly three years after the CFPB originally issued proposals. The report details what actions the CFPB and the Federal Trade Commission (FTC) have taken to thwart violations of the Fair Debt Collection Practices Act.
Find out more details about the rulemaking and the information included in the report.