The CFPB issued a proposed debt collection rule to clarify matters looming in the industry, including the use of emails and text messages. If the proposal is finalized, it will be the first time that the industry has clear rules to rely on rather than numerous court precedents.
A report by a consumer group found that consumer complaints filed with the CFPB increased sharply last year. Various consumer advocacy groups have urged the bureau to keep its complaint database public.
A federal appeals court has upheld CFPB's constitutionality. This means there is no circuit split on the issue, which would encourage the Supreme Court to take up the case.