DEBT COLLECTION RULEMAKING: WHERE WE STARTED, WHERE WE STAND AND WHERE WE ARE GOING
John Culhane, Partner, BALLARD SPAHR LLP
William Grossman, Senior Compliance Officer, M&T BANK
Stefanie H. Jackman, Partner, BALLARD SPAHR LLP
This panel will examine the various questions posed in the CFPB's recent Advance Notice of Proposed Rulemaking ("ANPR") for the collection industry, as well as explore how prior views and reports from the OCC, FTC, and other regulators informed the areas of inquiry and questions posed in the ANPR. We also will explore where the regulators are headed in light of the ANPR, as well as the comments submitted by industry participants and consumer groups in response to the ANPR. We will then preview what we expect the CFPB's proposed rule will look like in light of the ANPR comment process, and the impact that rule will have on the enforcement agendas of other industry regulators moving forward.