Thank you for your comments RoyceSharp. CFPB wants to know more details about what is happening in debt collection litigation at state and local level, so it can better understand how debt collection actions are filed against consumers, and what documents are used to show the collectors’ right to collect the debt. Sharing your experience will help the agency know what it should do. It seems that you believe that collectors should start litigating only if they are sure about the debt, otherwise they should be held responsible for false claims against consumers. What documents do you think should collectors be required to show consumers when claiming a debt? Do you have experience with what documents are currently given by collectors to state and local courts to prove their right to collect? If so, could you share with us your experience and help CFPB understand what documents state law requires to be given that often are not?
Moderator
1
Thank you for your comments RoyceSharp. CFPB wants to know more details about what is happening in debt collection litigation at state and local level, so it can better understand how debt collection actions are filed against consumers, and what documents are used to show the collectors’ right to collect the debt. Sharing your experience will help the agency know what it should do. It seems that you believe that collectors should start litigating only if they are sure about the debt, otherwise they should be held responsible for false claims against consumers. What documents do you think should collectors be required to show consumers when claiming a debt? Do you have experience with what documents are currently given by collectors to state and local courts to prove their right to collect? If so, could you share with us your experience and help CFPB understand what documents state law requires to be given that often are not?
View this comment in the discussion thread