An official website of the United States Government
  • Home
  • debt collection

debt collection

Save the date, Portland, Maine!

By

Join us for a field hearing in Portland, Maine on debt collection. The hearing will take place on Wednesday, July 10 at 11 a.m. EDT.

The event will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public. More information on the event will follow.

This event is open to the public and requires an RSVP. The hearing will take place at the following address:

Merrill Auditorium
20 Myrtle Street
Portland, ME 04101

To RSVP

Email cfpb.events@cfpb.gov with:

  • Your full name
  • Your organizational affiliation (if any)

See you there!

Join us today for a discussion on debt collection

By

Today, we’re co-hosting a roundtable discussion with the Federal Trade Commission on “Life of a debt: Data integrity in debt collection.” You can join us by tuning into a livestream of the event starting at 9 a.m. EDT.

This event brings together debt collection specialists to discuss solutions to collection issues that may harm consumers.

Panelists will discuss:

  • The quality and quantity of information conveyed to debt collectors upon initial assignment or purchase of debt.
  • The process of debt collection and dispute handling in debt collection and related credit reporting.
  • Debt collection litigation issues.

Take a look at the full agenda to learn more.

Reporting to Congress about fair debt collection

By

Today, we presented our annual report to Congress on the Fair Debt Collection Practices Act (FDCPA.)

From the report:

“This report covers much good work done together over the past year by the CFPB and the FTC. In the last year, we began an important new chapter in the history of the FDCPA. Under the larger participant rule recently adopted by the CFPB, any firm with more than $10 million in annual receipts from consumer debt collection activities is now subject to our supervisory authority. This authority extends to about 175 debt collectors, which accounts for over 60% of the industry’s annual receipts in the consumer debt collection market. This new federal authority enables us both to protect consumers and to promote a level playing field for all law-abiding debt collectors.”

“Above all, we are concerned about the system-wide problems in the debt collection market that pose risks to consumers, and we want to see good practices come to dominate the market, including improved data integrity.”

If you have questions about debt collection, check out Ask CFPB for some answers.

Read the rest of the report.

Save the date, Seattle, Washington!

By

Join us for a field hearing in Seattle, Washington on debt collection.

The field hearing will take place on Wednesday, Oct. 24, 2012, at 10 a.m at the Seattle Public Library, 1000 4th Avenue, Seattle, WA.

We’ll have remarks from CFPB Director, Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public.

This event is open to the public and requires an RSVP.

To RSVP
Email cfpb.events@cfpb.gov with:

  • Your full name
  • Your organizational affiliation (if any)

See you there!