On Wednesday, October 24th, a field hearing on debt collection was held in Seattle, Washington.During the event, CFPB Director Richard Cordray announced that, for the first time at the federal level, the CFPB will supervise larger consumer debt collectors. The previous link takes you to the 86-page pdf of the Ruling. The event was streamed live, but if you missed it, you can still see the video by clicking here. It is one hour and 48 minutes long. A less time-consuming option is to read Director Cordray’s remarks, prepared in advance and presented at the meeting. His remarks can be printed to read at your convenience.
As your Industry Information Provider, The National List is happy to make you aware of this important event and to let you know how to hear and read the details first hand. This even is sure to be summarized and discussed throughout the Debt Collection Media