J. Riley Key

Bradley Arant Boult Cummings LLP

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CFPB’s Debt Collection Rules May Be Coming Sooner Than Some in the Industry Anticipated

Last week, at the Consumer Advisory Board Meeting in Washington D.C., Consumer Financial Protection Bureau (CFPB) Director Richard Cordray provided an update on one of the most highly anticipated areas in the debt collection...more

6/12/2017 / Banking Sector , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Debt Collection , Financial Services Industry , Rulemaking Process , Third-Party Service Provider

CFPBs Meeting with Community Bank Advisory Council Provides Insights into Upcoming Debt Collection Rules

Last week , the Consumer Financial Protection Bureau (CFPB) met with the Community Bank Advisory Council (CBAC) to discuss the CFPB’s July 28, 2016, outline of the proposed debt collection rules (Outline) intended to...more

10/4/2016 / Banking Sector , Banks , Community Banks , Consumer Financial Protection Bureau (CFPB) , Debt Collection , FDCPA , SBREFA , Small Business

CFPB Takes Next Step Toward Issuing Debt Collection Rules

The Consumer Financial Protection Bureau (CFPB) published an outline on July 28, 2016, of proposed debt collection rules intended to “drastically overhaul the debt collection market.” Pursuant to the Small Business Regulatory...more

9/15/2016 / Banking Sector , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Consumer Lenders , Debt Collection , SBREFA , Small Entity Representatives (SERs)

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