Bureau May Be About to Issue Larger Participant Final Rule
October 15, 2012
The CFPB recently announced it plans to hold a field hearing on debt collection in Seattle on Wednesday, Oct. 24, 2012. Since Director Richard Cordray is scheduled to deliver remarks at the event, there is considerable speculation that release of the bureaus final larger participant rule for the debt collection market is imminent and could be announced by Cordray at the hearing, according to Alan Kaplinsky, a Ballard Spahr practice leader. It is expected that the release of the final debt collection rule will quickly be followed by the release of the CFPBs debt collection examination...