The U.S. Consumer Financial Protection Bureau will propose clarifying its debt-c...
Kathy Kraninger speaks to an audience on her first set of regulatory priorities as director of the Consumer Financial Protection Bureau in Washington, U.S., April 17, 2019. REUTERS/Katanga Johnson
WASHINGTON - The U.S. Consumer Financial Protection Bureau will propose clarifying its debt-collection rule “in coming weeks,” the director of the agency said on Wednesday. Kathy Kraninger, in her first major address as director of the CFPB, said she has directed her staff to establish clarity in the number of calls consumers may receive from debt-collectors. She added that the proposal would also encourage market participants to use “other modern technology” in their approach to collect outstanding payments.Reporting by Katanga Johnson
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