CFPB Announcement

Several weeks ago, the Consumer Financial Protection Bureau (CFPB) issued an “Outline of Proposals” for new rulemaking related to the debt collection industry. These proposals, if finalized, would represent the largest change to debt collection regulation in nearly 40 years.

The Compliance Department at Frost-Arnett has reviewed and analyzed all 117 pages of the proposal, and participated in a variety of industry seminars and events to stay on the forefront of this development.

As a result of these activities, Frost-Arnett has prepared a white paper, for our colleagues and clients, that describes the proposed rules and interprets them in light of industry practices.

To download a complimentary copy of the white paper, click HERE.

Frost-Arnett strives to provide this and other information as an ongoing component of its client services. If you have any questions regarding the topics raised in the white paper, please feel free to contact us at the phone number below.