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Tag Archives: debt collector

CFPB issues paper on credit reporting

By John L. Culhane, Jr. on Posted in Credit Reports, Debt Collection

The CFPB has issued a paper that describes the infrastructure and processes used by Equifax, Experian and TransUnion, the three largest nationwide consumer reporting agencies (NCRAs), to collect, compile and report information about consumers.  The paper is based on research conducted by the CFPB’s Office of Deposits, Cash, Collections and Reporting Markets.  Among the topics… More >

Debt collectors and debt buyers obtain temporary reprieve from CFPB supervision

By Alan S. Kaplinsky on Posted in Debt Collection

On Monday, the CFPB issued its final rule defining larger participants of a market for consumer reporting. It acted pursuant to Section 1024 of Dodd-Frank which grants the CFPB the authority to supervise non-bank covered persons for compliance with Federal consumer financial laws. Dodd-Frank automatically gave the CFPB the authority to supervise non-bank covered persons… More >

CFPB files amicus briefs in FDCPA cases

By Barbara S. Mishkin on Posted in Debt Collection

The CFPB has filed amicus briefs in two appeals involving the Fair Debt Collection Practices Act–one in the Tenth Circuit and the other in the Eleventh Circuit.  As reported by Marty Bryce and Chris Willis,  the CFPB filed an amicus brief  last month in an appeal before the Tenth Circuit involving the right to rescind a mortgage loan… More >