As the CFPB contemplates a possible rulemaking on consumer debt collection, the Consumer Mortgage Coalition advised the bureau that the Fair Debt Collection Practices Act is pretty much obsolete, as far as mortgage servicers go, due mostly to key legislative developments since the law was enacted. One such change was the 1999 enactment of the Gramm-Leach-Bliley Act consumer financial privacy protections, which are more comprehensive and more modern than those under the FDCPA, according to the CMC. Then there was passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which assigned to the bureau rulemaking authority under the FDCPA and other enumerated consumer financial laws.