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Expect CFPB Proposals on Debt Collection & Credit Reporting This Year

Question: 
What is an example of a rule we can expect the CFPB to propose this year?
Answer: 

Between October 2017 and September 2018, the CFPB received approximately 329,000 consumer complaints. Credit reporting accounted for 37% of these complaints, while 25% were related to debt collection. Therefore, we can expect to see a proposal for rules related to one or both issues later this year.
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Learn more about Carly Souther’s webinar
New CFPB Expectations: Compliance in 2019

First published on 03/31/2019

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