Alert March 18, 2014

CFPB Seeks Public Comment on Information Collection

The CFPB solicited comments on a proposed information collection titled, “Debt Collection Survey from the Consumer Credit Panel.” The information collection follows an advanced notice of proposed rulemaking on debt collection rules practices (see November 12, 2013 Alert and January 21, 2014 Alert). The CFPB intends to conduct a mail survey of consumers to learn about their experiences interacting with the debt collection industry. The CFPB intends to use the information collected through the survey to inform it in its rulemaking on debt collection. The information collection seeks public input on: (1) whether the collection of information is necessary for the performance of the CFPB’s functions; (2) whether the CFPB’s estimated burden of collecting information is accurate; (3) ways to enhance the information being collected; and (4) ways to minimize the burden on respondents. Comments are due by May 6, 2014.