Debt Collection

Human Rights Watch on Imprisonment for Debt

03/21/21

What happens in countries where no consumer bankruptcy regime exists as a safety valve to assuage the worst consequences of unpayable debt? A report this week from Human Rights Watch ("We Lost Everything": Debt Imprisonment in Jordan) offers one heart-wrenching answer. The following excerpt captures the essence:

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CFPB considers halting implementation of QM, debt collection rules

02/05/21

Acting Director Dave Uejio wrote in a blog post that the Consumer Financial Protection Bureau needs more time to consider rules that were finalized under the Trump administration but have not yet gone into effect.

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California's DFPI issues subpoenas to debt collectors

01/19/21

The state agency alleged potential violations of “unlawful, unfair, deceptive or abusive” practices by a dozen companies.

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Saga over regulating debt collectors will continue in 2021

01/05/21

The CFPB issued two rulemakings in 2020 that the financial services industry and consumer advocates hoped would finally clarify key issues over how collectors contact debtors and deal with legacy debts. But both sides want the incoming Biden administration to make further changes.

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CFPB finalizes disclosure requirements for debt collectors

12/18/20

The agency's rule outlines steps collectors must take to inform consumers about an outstanding debt, and prohibits companies from pursuing lawsuits after a statute of limitations has ended.

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What debt collectors can and can't do under CFPB rule

10/30/20

The agency’s final rule modernizing the Fair Debt Collection Practice Act limits calls to seven per week, but collectors won stronger protections from liability claims and other key changes to the original proposal.

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Barrett could cement court’s restrictive view of debt collection cases

10/27/20

A 2019 decision by Amy Coney Barrett, then a 7th Circuit judge, cited an earlier Supreme Court ruling suggesting a high bar for plaintiffs to claim harm. But other jurists have favored a less onerous standard.

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‘Enigmatic’ CFPB chief could drop more surprises in a second Trump term

10/02/20

Kathy Kraninger’s job status would be in question if Joe Biden wins the White House. If the president is reelected, she may continue balancing a deregulatory agenda with her unexpectedly tough stance on enforcement.

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CFPB announces nationwide crackdown on abusive debt collectors

09/29/20

Through Operation Corrupt Collector, the bureau is coordinating with over 50 other state and federal agencies to target firms for wrongdoing and inform consumers of their rights

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