Part 2: Top 10 Elevator Conversations about the CFPB's Proposed New Rules for Debt Collection

As I write this, it has been three weeks to the day since the CFPB released its proposed new rules for debt collection. After the initial frenzy of conversation, consumer groups and the debt collection industry have quietly retreated to their respective corners. As a watchdog over legislation, regulation and case law impacting the industry, I find their silence deafening. Both camps are assessing precisely how their world will change if the new rules, as proposed, become final without any significant change.

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News and Opinion

from insideARM.com

» CFPB Report Shows Trends in Rate of Credit Card Inquiries for Consumers with Large Credit Score Fluctuations

» Part 2: Top 10 Elevator Conversations about the CFPB's Proposed New Rules for Debt Collection

» 11th Cir. Rules in Favor of Mortgage Servicer in FCRA Putative Class Action Related to Reasonable Investigations

» Jurisdictional Split for 1692g Written Dispute Requirement Highlighted with Recent Georgia Case

» No Unilateral Revocation of Bargained-For Consent, Says S.D. Florida in Student Loan TCPA Case

» Women in Consumer Finance is now Women in Consumer & Commercial Finance

» House Financial Services Committee Sets Hearing on Debt Collection Legislation

» Embracing Good Corporate Citizenship: ConServe's Jeans for Charity Program Ensures Lifesaving/Life-changing Services

CFPB Report Shows Trends in Rate of Credit Card Inquiries for Consumers with Large Credit Score Fluctuations

On May 30, 2019, the Consumer Financial Protection Bureau (CFPB) published a quarterly report titled Timing of Applications for Consumer Credit. The report examines the rate of general-purpose credit card inquiry rates for consumers whose credit scores have seen large fluctuations (100 or more points) during roughly a 7-year period. The report finds some noticeable trends in the rate of these inquiries around the time that the sample population reaches its maximum and minimum credit score, and the report provides three potential explanations for these trends.

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Women in Consumer & Commercial Finance Conference 2019

11 December 2019 at 06:00 p.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer & Commercial Finance – a conference and networking event for ALL women in consumer & commercial finance.

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