RegulationRoom - the website operated by the Cornell eRulemaking Initiative (CeRI) and hosted by the Legal Information Institute (LII) - has just launched a completely redesigned version of their website RegulationRoom.org. They have also opened a new discussion about consumer debt collection practices. The Consumer Financial Protection Bureau (CFPB) is considering new rules for the debt collection industry, and needs feedback on its questions and ideas. CFPB believes debt collection is an important issue for consumers and are taking the first steps to gather information to determine what rules would be appropriate to protect consumers who are subject to debt collection. They would like input from anyone who:
- had an experience with debt collection (good or bad)
- counsels consumers with overdue debts
- has a business where you do your own account collection or
- works in the debt collection industry.
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