CFPB Aims To Modernize, Expand Debt Collection Rules

Law360, New York (November 6, 2013, 12:00 AM EST) -- The Consumer Financial Protection Bureau on Wednesday said that it intends to update debt collection rules to include restrictions on how companies can contact consumers using mobile phones and other modern technologies, as well as expand the types of firms that would be governed by those rules.

As part of an advanced notice of proposed rulemaking the bureau released to the public Wednesday, the CFPB intends to get comments on how to better protect consumers from abusive debt collection practices that are carried out over mobile...
To view the full article, register now.