Comparing The CFPB’s Proposed Call Restrictions With Massachusetts’

In its May 7, 2019 Notice Of Proposed Rulemaking (NPRM) proposing debt collection regulations, the CFPB has proposed restrictions on the number of contacts a debt collector may make with a consumer during a given time period. This is a contentious issue between debt collectors and consumer groups. Debt collectors claim they have to make … More Comparing The CFPB’s Proposed Call Restrictions With Massachusetts’

Consumer Protection and Financial Inclusion – Brian Johnson of the CFPB

On June 12, 2019 Brian Johnson, Deputy Director of the CFPB gave a speech with the title above. It is short and worth a read.  It’s an interesting attempt to say that giving consumers choice and reducing certain kinds of government regulation that limits choices is the best form of consumer protection. Johnson states clearly … More Consumer Protection and Financial Inclusion – Brian Johnson of the CFPB

Today Is the Day – For the FCC’s Robocall Vote

On May 15, 2019 FCC Chairman Ajit Pai announced a declaratory ruling allowing consumers call blocking by default. “Instead of being offered call blocking on an opt-in basis, carriers could provide block calls unless you affirmatively opt-out. This could mean a major reduction in robocalls, as call blocking would become the rule, not the exception.” … More Today Is the Day – For the FCC’s Robocall Vote

Review of the Proposed FDCPA Validation Notice Regulations

On May 7, 2019 the Consumer Financial Protection Bureau (CFPB) released its Notice Of Proposed Rulemaking (NPRM) proposing debt collection regulations. I previously blogged about the need for such regulations. Today I want to take a look at the NPRM proposed rules for the validation notice. The Federal Fair Debt Collection Practices Act (FDCPA) 15 … More Review of the Proposed FDCPA Validation Notice Regulations

Credit Repair And Mass Credit Disputes

On May 2, 2019 the CFPB announced a suit against several ‘credit repair’ organizations, including Lexington Law Group. Some credit repair organizations violate the law by charging excessive fees and for failing to deliver promised results, namely, resolving consumer’s credit issues. The CFPB suit alleges “…Federal law forbids requesting or receiving payment upfront for certain … More Credit Repair And Mass Credit Disputes