ALERT: Last Day to Comment on CFPB Debt Collection Survey Proposal

Published on:
22 August 2014 at 08:01 a.m. ET

Written by: Patrick Lunsford – Editor – insideARM

http://www.insidearm.com/news/00001912-alert-last-day-to-comment-on-cfpb-debt-co/

The comment period for the CFPB’s proposal to survey consumers about their experiences in debt collection ends today, Friday August 22.

The survey was proposed back in March, and was subject to a 60-day comment period. In July, the CFPB resubmitted the proposal for review and opened up an additional comment period that expires today.

Comments can be filed through the proposal’s portal on Regulations.gov.

The proposal has garnered quite a bit of attention in the ARM industry. ACA International, in its formal comment, urged the CFPB to scrap the plan altogether. And just this week, the American Bankers Association submitted its second comment on the matter, noting that the CFPB’s resubmission did not adequately take into account issued expressed in the first round of comments, according to legal blog CFPB Monitor.

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