Alert April 02, 2013

CFPB Releases Annual Report on FDCPA

The CFPB issued its second annual report to Congress summarizing its activities to administer the Fair Debt Collection Practices Act. The report highlights both the CFPB's and the FTC's efforts in 2012 to administer the FDCPA. For example, the CFPB noted the release of its Examination Manual on debt collection and the final rule defining larger participants of the debt collection market (see November 13, 2012 Alert).