Welcome to RegulationRoom, LawStudentAdvocate, and thank you for sharing your suggestion. CFPB has raised the possibility of developing a registration system for debt collectors. Do you think a registration system would address some of the issues you mentioned? How could a registration system be structured to minimize the cost of registration for debt collectors, while still providing adequate information for those who use the registration system?
Hi, LawStudentAdvocate. Thank you for returning to RegulationRoom. Right now, CFPB is still thinking about whether and how to make a national debt collector registration system. If you'd like to learn more about CFPB's ideas on this, please see the Recordkeeping, Monitoring, and Compliance Requirements section of the ANPRM.
Moderator
1
Welcome to RegulationRoom, LawStudentAdvocate, and thank you for sharing your suggestion. CFPB has raised the possibility of developing a registration system for debt collectors. Do you think a registration system would address some of the issues you mentioned? How could a registration system be structured to minimize the cost of registration for debt collectors, while still providing adequate information for those who use the registration system?
View this comment in the discussion thread
Moderator
2
Hi, LawStudentAdvocate. Thank you for returning to RegulationRoom. Right now, CFPB is still thinking about whether and how to make a national debt collector registration system. If you'd like to learn more about CFPB's ideas on this, please see the Recordkeeping, Monitoring, and Compliance Requirements section of the ANPRM.
View this comment in the discussion thread