Industry Pushes Back on CFPB Proposal for 'Time-Barred Debt' | Auto Finance News | Auto Finance News

Industry Pushes Back on CFPB Proposal for ‘Time-Barred Debt’

Photograph: Joey Pizzolato

PHILADELPHIA — The Consumer Financial Protection Bureau’s proposed rule related to lawsuits on “time-barred debts” — those no longer legally collectible under the Fair Debt Collection Practices Act — came under fire from consumer advocates and debt collection agencies at a town hall on May 7. The proposed CFPB rule would bar a debt collector from […]

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