Today the Consumer Financial Protection Bureau (Bureau) issued a report on the 2017 activities of the Bureau and the Federal Trade Commission (FTC) to combat illegal debt collection practices. The annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA) details the agencies’ efforts to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and policy initiatives.
“I appreciate the opportunity to work with Acting Chairman Ohlhausen and all our partners at the FTC,” said Bureau Acting Director Mick Mulvaney. “From now on, we will be working closely with the FTC to enforce the FDCPA while protecting the legal rights of all in a manner that is efficient, effective, and accountable.”
“The FTC will remain vigilant in our efforts to monitor this industry and stop unlawful conduct that harms both consumers and legitimate businesses and will continue to work with our law enforcement partners, including the CFPB, on this important issue,” FTC Acting Chairman Maureen K. Ohlhausen said.