by Eric J. Ellman | Oct 29, 2023
In October 2023, the CFPB announced the release of its biennial report to Congress on the consumer credit card market. This report is required under the 2009 Credit Card Accountability Responsibility and Disclosure Act (CARD Act). There are several areas in the report...
by Eric J. Ellman | May 5, 2023
In March 2023, NCLC filed a petition with the CFPB to request rulemaking on three specific areas. In May 2023, CDIA filed a response to that petition. In its petition, NCLC made three requests: The CFPB should establish strict requirements to regulate the furnishing...
by Eric J. Ellman | Mar 23, 2023
In March 2023, NCLC filed a petition with the CFPB to request rulemaking on three specific areas. The CFPB should establish strict requirements to regulate the furnishing of information regarding a debt in collections by third-party debt collectors and debt buyers....
by Eric J. Ellman | Feb 14, 2023
In February 2023, the CFPB issued three documents related to collections and credit reporting: Market Snapshot: Trends in Third-Party Debt Collections Tradelines Reporting Press release: CFPB Finds One-Third Decline in Collections Items on Consumer Credit Reports Blog...
by Eric J. Ellman | May 24, 2021
In May 2021, the Congressional Research Service issued a report, The Debt Collection Market and Selected Policy Issues.
