Hi Juliana James, welcome to RegulationRoom and thank you for commenting. On the Old debts topic page, CFPB asks whether a summary of consumer rights explaining time-barred debts would be appropriate. Do you think that there should be a required summary or notice sent to consumers with time-barred debts? What sort of information should the summary or notice include?
Moderator
1
Hi Juliana James, welcome to RegulationRoom and thank you for commenting. On the Old debts topic page, CFPB asks whether a summary of consumer rights explaining time-barred debts would be appropriate. Do you think that there should be a required summary or notice sent to consumers with time-barred debts? What sort of information should the summary or notice include?
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Lori
2
Agreed. There is simply no enforcement and collectors know this.
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