The Federal Trade Commission updates the Consumer Financial Protection Bureau on its efforts in 2014 to regulate the Debt Collection Industry
The Federal Trade Commission (FTC) has sent its annual letter the Consumer Financial Protection Bureau (CFPB) detailing the Commission’s efforts to regulate the debt collection industry through its implementation of the Fair Debt Collection Practices Act (FDCPA). The CFPB is required to submit annual reports to Congress on the FDCPA, a task previously assigned to the FTC. To assist the CFPB in preparing its report, the FTC issues a letter summarizing its own recent work on debt collection issues. Read more to see the letter.
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