Alert April 17, 2012

CFPB Releases Debt Collection Report

The CFPB submitted its first report to Congress on its efforts to enforce the Fair Debt Collection Practices Act. The report is divided into five sections:  background; complaints received by the FTC; the CFPB's debt collection supervision program; developments in the FTC's enforcement and the CFPB's advocacy; recent policy initiatives; and future plans for further cooperation between the FTC and the CFPB. Click here for the report.