Consumer Financial Protection Bureau Proposes Regulations to Implement the Fair Debt Collection Practices Act

“The Bureau is taking the next step in the rulemaking process to ensure we have clear rules of the road where consumers know their rights and debt collectors know their limitations,” said CFPB Director Kathleen L. Kraninger. “As the CFPB moves to modernize the legal regime for debt collection, we are keenly interested in hearing all views so that we can develop a final rule that takes into account the feedback received.” https://files.consumerfinance.gov/f/documents/cfpb_debt-collection-NPRM.pdf