By Charlene Crowell, Senior Fellow with the Center for Responsible Lending New CFPB Rule Leaves Room for State Actions As the final days of the 2020 election season drew to a close, major media across the nation focused on polls and prospects for the presidential candidates. At the same time, scant news coverage reported on a development affecting 68 million consumers: debt collection regulation. On October 30, the Consumer Financial Protection Bureau (CFPB) released its 653- page regulatory revision for enforcement of the Fair Debt Collection Practices Act (FDCPA), originally enacted in 1977. Since that time, the debt collection industry has […]
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