Debt Collectors Larger Participant

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CFPB Finalizes Debt Collector “Larger Participant” Rule

On October 24, the CFPB issued a final rule that will allow the Bureau to supervise certain debt collectors. Under this rule, debt collectors will be required to provide certain disclosures, provide accurate information,...more

CFPB Issues Final Debt Collection Larger Participant Rule and Examination Procedures

The Consumer Financial Protection Bureau has issued its long-awaited final rule defining larger participants of a market for consumer debt collection. The rule is effective January 2, 2013. To enable its examiners to...more

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