“Our analysis of credit reports provides yet another indicator that, due to a strong labor market and emergency programs during the pandemic, household financial distress reduced over the last two years,” said CFPB Director Rohit Chopra.
Read More »Legislation vs. Automation: The “Stopping Bad Robocalls Act”
Energy and Commerce Chairman Frank Pallone, Jr. and Ranking Member Greg Walden have unveiled the bipartisan Stopping Bad Robocalls Act. Here’s what this act could mean for the industry.
Read More »CFPB Debt Collection Policy Update: Industry Impact
The CFPB recently proposed some new rules for debt collectors. Here's what the Bureau said.
Read More »CFPB’s Kathy Kraninger on Debt Collection, FDCPA
In a recent Keynote Address, CFPB Director Kathy Kraninger discussed rulemaking and guidance in regards to financial services, and how the Bureau is addressing the outdated FDCPA.
Read More »Court Rules in Favor of Weltman in BCFP Case
The firm has prevailed in the lawsuit brought against it by the BCFP with the court ruling in favor of Weltman and confirming that the BCFP's lawsuit lacked merit.
Read More »CFPB’s Mulvaney: “The Bureau is Far Too Powerful”
The Consumer Financial Protection Bureau (CFPB) managed approximately 317,000 consumer complaints between October 2016 and September 2017, according to the semi-annual report of the CFPB for the period ...
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