The CFPB has begun the formal process that would result in a consumer protection rulemaking for the debt-collection market. The bureau issued an advance notice of proposed rulemaking to collect information on a wide array of related issues, including the accuracy of information used by debt collectors, how to ensure consumers know their rights, and the communication tactics collectors employ to recover debts. Among the CFPB’s points of emphasis was information accuracy. The agency said it is concerned that debt collectors may...