Welcome to RegulationRoom, cmd07, and thank you for your comment and suggestion for an enforcement mechanism. CFPB doesn’t have legal authority over absolutely every aspect of debt collection, and rules about collection litigation are a complicated mix of state law and federal law. But as CFPB moves to the next stage (coming up with specific proposals for new rules), it will be carefully considering what you and other commenters say here.
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Welcome to RegulationRoom, cmd07, and thank you for your comment and suggestion for an enforcement mechanism. CFPB doesn’t have legal authority over absolutely every aspect of debt collection, and rules about collection litigation are a complicated mix of state law and federal law. But as CFPB moves to the next stage (coming up with specific proposals for new rules), it will be carefully considering what you and other commenters say here.
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