Consumer Financial Protection Bureau (CFPB) Archives

Strong Medicine Needed: What the CFPB Should Do to Protect Consumers from Unfair Collection and Reporting of Medical Debt

September 20, 2014

A Review of Hospital Financial Assistance Policies in the States The collective scope and impact on consumers from medical debt is enormous. According to the Commonwealth Fund, nearly 75 million working age adults (or about 41%) experienced problems with medical bills in 2012. In addition, 41 million adults (or about 22%) were contacted by a…

Comments to the CFPB Regarding Electronic Funds Transfers, Changes to Remittances Protections

June 6, 2014

The National Consumer Law Center, on behalf of its low-income clients, submitted the following comments to the Consumer Financial Protection Bureau to express our concerns regarding proposed changes to the regulations and Official Interpretations governing remittance transfers.

Advocates Commend CFPB’s Intent to Address Debt Complaints; Federal Regulators Will Create Proposed Rules to Curb Predatory Debt Collection Tactics

March 3, 2014

WASHINGTON – Year after year, one of the top consumer complaints to the Federal Trade Commission (FTC) is problems with debt collection. Complaints are skyrocketing: from 13,950 in 2000 to 199,721 in 2012 – more than a 900% increase in just over a decade. In January 2014 alone, consumers registered about 3000 complaints regarding debt…

Comments to the CFPB in Response to Advance Notice of Proposed Rulemaking Regarding Debt Collection

February 28, 2014

We applaud the Consumer Financial Protection Bureau (“CFPB”) for initiating this comprehensive and long overdue analysis of the adequacy of the current laws protecting consumers from abusive debt collection activities. Significant change is needed to protect consumers adequately from the growing problems with debt collection in the 21st Century.

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Strong Medicine Needed: What the CFPB Should Do to Protect Consumers from Unfair Collection and Reporting of Medical Debt

Comments to the CFPB Regarding Electronic Funds Transfers, Changes to Remittances Protections

Advocates Commend CFPB’s Intent to Address Debt Complaints; Federal Regulators Will Create Proposed Rules to Curb Predatory Debt Collection Tactics

Comments to the CFPB in Response to Advance Notice of Proposed Rulemaking Regarding Debt Collection