Consumer Financial Protection Bureau Issues First Report on Debt Collection

The Consumer Financial Protection Bureau (“CFPB”) issued its first annual report summarizing its activities to administer the Fair Debt Collection Practices Act (“FDCPA”). The report provides information on the number of complaints received in the previous year, provides background on the FDCPA, discusses policy initiatives and plans for the FDCPA and provides other information.

Read the full CFPB Annual Report.