Breaking News: CFPB Releases Outline of Proposals for Debt Collection Rulemaking

The outline provides the first public glimpse of what the CFPB is thinking as it moves forward in the debt collection rule-making process. In coordination with its field hearing on debt collection being held today in Sacramento, Calif., the Consumer Financial Protection Bureau has released an outline of proposals under consideration for the long-awaited debt collection rule-making. The proposals are a core part of the materials used by the CFPB as part of the small business panel process required by the Small Business Regulatory Enforcement Fairness Act. The outline provides the first public glimpse of what the CFPB is thinking as it moves forward in the debt collection rule-making process. More info here.