Back to the Future: CFPB Prioritizes Prevention Over Enforcement with Debt Collection Rules on the Horizon

Consumer Financial Protection Bureau (CFPB or “the Bureau”) Director, Kathleen L. Kraninger, spoke yesterday at the Bipartisan Policy Center regarding her outlined vision for the Bureau. Kraninger discussed her findings from her three month listening tour, and how she plans to use the Bureau’s tools to meet the expectations expressed on her tour. Kraninger also provided a preview of the anticipated proposed rule to implement the Fair Debt Collection Practices Act (FDCPA) that is expected this spring.