1. The Dodd-Frank Act amended the Fair Debt Collection Practices Act (FDCPA) to give the Consumer Financial Protection Bureau rulemaking authority. The CFPB announced its goal of modernizing rules under the FDCPA by issuing an advance notice of proposed rulemaking in November 2013 seeking information on debt collection. The notice included 162 questions that cover.
As we enter 2014, the following are some areas of Consumer Regulatory Compliance that are receiving particular focus from the Federal and state regulators.