Thank you for sharing!

Your article was successfully shared with the contacts you provided.
debt collection notices Debt collection. (Source: Shutterstock)

The CFPB’s proposed debt collection rule would allow debt collectors to “inundate” consumers with calls, 24 Democratic senators told the agency.

“The proposed rule allows a debt collector to call a consumer seven times a week per debt,” the senators, including Senate Banking Committee ranking Democrat Sherrod Brown of Ohio and Sen. Robert Menendez (D-N.J.), wrote in a letter to CFPB Director Kathy Kraninger. “For a consumer with six medical debts, the proposed rule means that the consumer could receive up to 42 calls per week.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

David Baumann


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.