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Financial Services Law Insights and Observations

CFPB seeks information on debt collection disclosures

Agency Rule-Making & Guidance CFPB Debt Collection Disclosures OMB Federal Register

Agency Rule-Making & Guidance

On February 4, the CFPB released a request for public comment on a new information collection titled, “Debt Collection Quantitative Disclosure Testing.” The proposed collection—which seeks Office of Management and Budget approval to conduct a web survey as part of the Bureau's debt collection disclosure research—“will explore consumer comprehension and decision making in response to debt collection disclosure forms.” Comments must be received by March 6.

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