National Documentation Standards Likely in Debt Collection Rule
July 29, 2013
Corey Stone, assistant director in the CFPBs Office of Deposits, Cash, Collections and Reporting Markets, indicated at a Senate hearing on debt collection earlier this month that the bureau might promulgate national documentation standards, perhaps in coordination with the Federal Trade Commission. Testifying before the Senate Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, Stone discussed the recent joint roundtable the bureau and the FTC held on debt collection...