Thank you for your comments JohnEllis, and welcome to RegulationRoom. Because federal law requires CFPB to balance costs and benefits in any rule it might make, the agency wants to know what information would be most useful to consumers. If requiring all the information on the left were too costly, what kinds of information do you think would be most important, either for verifying a consumer’s identity or helping the consumer recognize the debt?
Moderator
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Thank you for your comments JohnEllis, and welcome to RegulationRoom. Because federal law requires CFPB to balance costs and benefits in any rule it might make, the agency wants to know what information would be most useful to consumers. If requiring all the information on the left were too costly, what kinds of information do you think would be most important, either for verifying a consumer’s identity or helping the consumer recognize the debt?
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