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collecting on debt

CFPB Proposes New Regulations for Debt Collectors

August 4, 2016 Consumer Financial Protection Bureau , CFPB , debt collection , robocalls , recovering debt , debt collector , Fair Debt Collection Practices Act , debt payments , telemarketing calls , financial debt , debt problems , debt buyers , collecting on debt , debt collection regulations , debt collection calls Bill Hardekopf

The Consumer Financial Protection Bureau is looking to “overhaul the debt collection market” by proposing new regulations which would limit the amount of communication that collectors have with potential debtors. In short, the CFPB wants to protect consumers from getting pesky, disruptive, and often unwarranted calls from debt collectors without thorough confirmation of the debts

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