Published: September 2019

New proposed rule empowers debt collects and their attorneys

In an effort to update the rule that governs debt collectors, the Consumer Financial Protection Bureau released a proposed rule that would make debt collector harassment worse for consumers.

Consumer Action joined over 200 coalition advocates in opposing most of the Consumer Financial Protection Bureau’s proposed rule on debt collection. The proposal opens consumers up to harassment, abuse and violations of their privacy by telephone, email, text and other means; obscures information about consumers’ rights; and protects debt collectors and collection attorneys who pursue debts after the legal deadline or with false, deceptive or misleading representations.

Lead Organization

American's for Financial Reform (AFR)

Other Organizations

Action Center on Race and the Economy | AFL-CIO | Allied Progress | American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) | Americans for Financial Reform Education Fund | Center for Digital Democracy | Center for Justice & Democracy | Center for Responsible Lending | Center for Survivor Agency and Justice | Congregation of Our Lady of Charity of the Good Shepherd, U.S. Provinces | Consumer Action | Consumer Federation of America | Demos | Human Rights Watch | Interfaith Center on Corporate Responsibility | Local Initiatives Support Corporation (LISC) | NAACP | National Association of Consumer Advocates | National Association of Consumer Bankruptcy Attorneys (NACBA) | National Center for Law and Economic Justice | National Coalition for Asian Pacific American Community Development (National CAPACD) | National Consumer Law Center (on behalf of its low income clients) | National Consumers League | National Disability Institute | National Fair Housing Alliance | National Health Law Program | National Housing Law Project | National Legal Aid & Defender Association | National LGBTQ Task Force | National Urban League | Public Citizen | The Leadership Conference on Civil and Human Rights | U.S. PIRG | Woodstock Institute

More Information

For more information, please visit AFR.

Download PDF

New proposed rule empowers debt collects and their attorneys   (DebtCollection.pdf)

 

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