Collections & Credit Risk

Debt Collection Regulation News

• CFPB Creates Framework to Better Coordinate with State Regulators

  Collections & Credit Risk | May 22, 2013

  The Consumer Financial Protection Bureau is expanding efforts to coordinate with state bank and nonbank regulators on supervision and enforcement.

• FTC Looks to Strengthen Telemarketing Sales Rule

  Collections & Credit Risk | May 22, 2013

  The Federal Trade Commission announced Tuesday plans to ban the use of four payment methods favored by con artists and scammers.

• States Review Bad Check Enforcement Tactics

  Collections & Credit Risk | May 21, 2013

  The Oregon Senate has passed a bill banning private collection companies from using official government letterhead - namely that of district attorneys - to threaten bad check writers with jail.

• Payday Lenders to CFPB: Back Off

  Collections & Credit Risk | May 17, 2013

  Last month Richard Cordray argued that payday lenders charge exorbitant fees and often trap consumers in a cycle of debt.

• CFPB Targets Discrimination in Auto Loan Battle

  Collections & Credit Risk | May 16, 2013

  When Congress passed the Dodd-Frank Act in 2010, one of its provisions banned outright bounties that that mortgage lenders had formerly paid to brokers for steering borrowers toward high-interest rate loans.

• California AG Sues JPMorgan Over Debt Collection Practices

  Collections & Credit Risk | May 10, 2013

  California accused JPMorgan of illegal tactics to sue thousands of credit card borrowers behind on their debts, including "robo-signing."