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Home » Store » News » CFPB Eyes Improving Debt Collection for Consumers

CFPB Eyes Improving Debt Collection for Consumers

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Comments at the recent CFPB/Federal Trade Commission roundtable on debt collection reveal the bureau is concerned about making the process more consumer friendly, and that portends more oversight and regulation for the industry. “At the bureau, we recognize that debt collection is an essential part of the credit system,” said Steve Antonakes, the bureau’s acting deputy director. “Debt collectors remind borrowers that repaying debt is a serious obligation and that not repaying has consequences.” However, the bureau also...
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