CFPB Seeks More Information To Support Rulemaking

Stephanie Eidelman

In a seemingly endless debt collection pre-rulemaking process, John McNamara from the Consumer Financial Protection Bureau’s (CFPB) Division of Research Markets & Regulations has circulated a questionnaire with approximately 60 questions to a random sample of debt collection firms and service providers. This is part of the so far nearly two-year debt collection rulemaking process.

A cover letter describes the scope and intent of the survey but to summarize, the Bureau is “attempting to better understand the benefits and costs of various policy proposals.” They predict it will take approximately 60 minutes to complete the survey.

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