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CFPB Resources

Essential Notices and Publications on Debt Collection from the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) is now the lead regulator of the ARM industry in the U.S. With expanded power from Congress, the CFPB is the first regulator to be given direct supervisory authority over collection agencies and debt buyers, including onsite examinations and business audits for larger companies. Regardless of size, every ARM firm will have to respond to and resolve each consumer complaint against it the CFPB receives.

The new regulatory dynamic was implemented fairly quickly and is now in full swing. Below are resources for ARM companies of all sizes. Please note that we update these documents regularly. If you have anything to suggest we add, please email

Other Important Debt Collection Documents from the CFPB

CFPB Advance Notice of Proposed Rulemaking for Debt Collection

On November 6, 2013 the CFPB took the first step toward issuing new consumer protection rules for the debt collection market. Through its Advance Notice of Proposed Rulemaking (ANPR), the Bureau collected information on a wide array of issues. The 114 page document contains 162 questions about debt collection practices and the consumer experience. The comment period ended February 28, 2014. The the debt collection rulemaking schedule has since been updated twice, with the process now expected to extend into 2016.

For a high-level look into the comments from prominent industry and consumer groups, consider insideARM’s report Assessing the Impact of CFPB Rules on Debt Collectors.


Monthly Complaint Report, Vol. 1: July 2015

The Monthly Complaint Report uses a three-month rolling average, comparing the current average to the same period in the prior year where appropriate, to account for monthly and seasonal fluctuations. In some cases, we use month-to-month comparisons to highlight more immediate trends. For the company-level complaint data, we use a three-month rolling average of complaints sent to companies for response. This company-level complaint data lags other complaint data in this report by two months to reflect the 60 days companies have to respond to complaints, confirming a commercial relationship with the consumer. This is consistent with complaints found in the public Consumer Complaint Database.


CFPB Fall 2015 Supervisory Highlights Report

This ninth edition of Supervisory Highlights shows that the Bureau found violations in student loan servicing, mortgage origination and servicing, consumer reporting, and debt collection. The report also shows that CFPB supervisory actions during the prior quarter resulted in $107 million in relief to more than 238,000 consumers.

CFPB 2015 Annual Report on Fair Debt Collection Practices Act

Issued in March 2015, this is the latest of the annual FDCPA reports required by Congress. The report details enforcement actions, debt collection complaints, eduction and outreach, and supervision of collection agencies.


2014 Consumer Response Annual Report

This is the CFPB’s annual report analyzing the consumer complaint data received in the prior calendar year. Full Report. Snapshot by the numbers.


CFPB-FDCPA-report-conver-smCFPB 2014 Annual Report on Fair Debt Collection Practices Act

Issued on March 20, 2014, this report details enforcement actions, debt collection complaints, education and outreach, and supervision of collection agencies.


CFPB-semi-annual-report-may-2014CFPB Semi-Annual Report: Spring 2014

Issued on May 28, 2014, this is one of the twice-yearly reports required by Congress that details all of the CFPB’s activities across the various industries it regulates. The report details research, supervision, enforcement actions, and rulemaking.


CFPB-Ombudsman-2014CFPB Ombudsman’s Annual Report – Fiscal Year 2014

Published in November 2014, this is the most recent annual report from the Office of the CFPB’s Ombudsman, an impartial advocate for a fair process between consumers, financial institutions, and the CFPB. The Ombudsman’s recommendations carry a lot of weight and the CFPB respects the suggestions made in the report.


CFPB-medical-debt-reportData Point: Medical Debt and Credit Scores

Part of an occasional series of publications from the CFPB’s Office of Research, this May 2014 report examines the impact on consumer credit scores of medical debt tradelines placed primarily by third party debt collection agencies.


Action Letters for Consumers Facing Debt Collection Action

On July 10, 2013, the CFPB published five action letters that consumers can consider using when corresponding with debt collectors.

  • Needs more information on the debt: This letter may be useful for a consumer who may not immediately recognize the debt as their own or for those who want to find out more about the debt before they pay it. View “more information” letter.
  • Wants to dispute the debt and for the debt collector to prove responsibility: This letter tells the collector that the consumer is disputing the debt and instructs the debt collector to stop contacting the consumer until they provide evidence that the consumer is responsible for that debt. View “dispute and proof” letter.
  • Wants to restrict how and when a debt collector can contact them: The FDCPA prohibits debt collectors from contacting a consumer about a debt at a time or place they should know is inconvenient. With this letter, the consumer is able to tell the debt collector how they would like to be contacted. View the “contact restriction” letter.
  • Has hired a lawyer: This letter template provides a way for the consumer to give the debt collector the lawyer’s information and instruct the collector to contact only the lawyer. View the “hired a lawyer” letter.
  • Wants the debt collector to stop any and all contact: Consumers have the right to tell a debt collector to stop all communication. It is important to note that stopping contact from a debt collector does not cancel the debt or prohibit the collector from potentially pursuing other remedies, such as filing a lawsuit. View the “stop contact” letter.


CFPB-FCRA-bulletin-thumbCFPB Bulletin on FCRA Requirements for Consumer Reporting Agencies

The Bulletin, issued on September 4, 2013, specifically addresses furnishers’ obligations to “review all relevant information” they receive in connection with disputes forwarded by CRAs. Collection agencies are considered to be furnishers.


cfpb org chartCFPB Organization Chart

The chart names the heads of divisions within the CFPB and gives an idea of how the agency is structured (current as of November 19, 2014)


CFPB-strat-plan-coverCFPB 5 year Strategic Plan 2013-2018

Articulates the mission, vision, goals, and strategies for the CFPB and the steps leaders plan to take to achieve them. The CFPB’s current version of its strategic plan was written, endorsed, and published in April 2013.


cfpb-advise-to-consumer-cover-smCFPB’s Advice to the Consumer

Database of Q&A provided by the CFPB to consumers on hundreds of consumer finance topics. Approximately 70 questions are related to Debt Collection. If you get tired of clicking through to each individual question, you can download a nicely compiled and organized PDF here (for a modest fee of $49) Coverage of the CFPB

From the CFPB's Blog