Compliance
CFPB (Consumer Financial Protection Bureau)
The Consumer Financial Protection Bureau is the federal regulator responsible for consumer financial protection, including debt collection. It wrote Regulation F, supervises larger collectors, and enforces the FDCPA and related consumer-finance laws.
What CFPB (Consumer Financial Protection Bureau) means for creditors
The CFPB sets the rules the entire industry follows. MSB tracks CFPB guidance and enforcement so its collection practices โ and its clients' exposure โ stay ahead of regulatory change.
Legal reference: Established by the Dodd-Frank Act, 12 U.S.C. ยง 5491
Midwest Service Bureau has recovered commercial, medical, utility, and government debt for creditors nationwide since 1970 โ on a no-recovery, no-fee basis. Questions about cfpb (consumer financial protection bureau) or a portfolio you'd like reviewed? Call (800) 362-0272.
Related terms
Ready to Improve Your Debt Recovery?
Contact us today for a free consultation and learn how MSB can help your organization recover more with our proven collection strategies.