The Fair Debt Collection Practices Act (FDCPA) was enacted in 1977 to curb the abusive practices of debt collectors. The law has been used in court many times and has had many interpretations over time. The CFPB has been charged with enforcing the law and guiding debt collectors and consumers with regard to the Fair […]
Entries Tagged as 'Debt Collection'
New Rules Implemented by The Consumer Financial Protection Bureau (CFPB) Clarify the Way Debt Collectors May Deal with Consumers
January 21st, 2021 · Comments Off on New Rules Implemented by The Consumer Financial Protection Bureau (CFPB) Clarify the Way Debt Collectors May Deal with Consumers · Consumer Debt, Credit Rebuild, Credit Repair, Debt Collection, Debt Settlement
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How Do Your Experiences with Debt Collectors Compare to National Survey?
January 12th, 2017 · Comments Off on How Do Your Experiences with Debt Collectors Compare to National Survey? · Debt Collection
If you’ve been contacted by a debt collector within the past 12 months, a national survey – the first of its kind, actually – should interest you. The Consumer Financial Protection Bureau (CFPB) asked consumers nationwide about their experiences with debt collectors over the past 12 months. Here’s what they found out.
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Major Changes Coming to Debt Collection Market? CFPB Proposes Overhaul
July 28th, 2016 · Comments Off on Major Changes Coming to Debt Collection Market? CFPB Proposes Overhaul · Debt Collection
Owing debt is stressful enough without debt collectors making it worse. We already have a debt validation process and laws against harassment, but the Consumer Financial Protection Bureau (CFPB) says we can do better. Thus, the proposed changes that overhaul the debt collection market.
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