LONG BEACH, Calif. (10/29/14)--Zixta Martinez, associate director of external affairs for the Consumer Financial Protection Bureau, said the bureau is reviewing 23,000 comments received on the debt collection advance notice of proposed rulemaking issued in November 2013 (CU Weekly Oct. 27).
In that ANPR, the bureau asks for data on:
Martinez was addressing the joint CFPB-Federal Trade Commission all-day forum on "Debt Collection and the Latino Community," which brought together consumer advocates, industry professionals and regulators last week to discuss how debt collection issues affect Latino consumers, especially those with limited English proficiency (LEP).
This forum was intended to supplement that information gathered through the comment process and to further inform the agencies as they move forward to issuing a final rule, expected in the second half of 2015.
The Credit Union National Association has been weighing in with the CFPB to minimize the direct or indirect impact on credit unions or credit union service organizations of any rules or guidance that the agency develops. CUNA will continue to urge the agency to focus on problem cases rather than create broad new rules that affect good and bad actors.
Other topics during the free forum, held at California State University, Long Beach, included: