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Home » Store » News » CFPB May Tackle Data Integrity in Upcoming Debt Collection Rule

CFPB May Tackle Data Integrity in Upcoming Debt Collection Rule

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The CFPB’s recent complaint snapshot report hinted at a possible focus of the upcoming debt collection rules, said attorneys. Credit reporting, debt collection, and mortgage continued to be the three categories that drew the most consumer complaints, according to the report. Among public gripes regarding debt collection practices, some 40 percent said companies “attempt to collect debt not owed.” It is a significant trend, said attorneys, because Acting CFPB Director Mick Mulvaney ...
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