Business
Biden consumer watchdog seeks delay of Trump-era debt collection rules – CNBC
The Consumer Financial Protection Bureau is proposing a 60-day delay to two debt-collection rules set to take effect in November.
The Consumer Financial Protection Bureau proposed a delay Wednesday to two debt-collection rules issued in the waning days of the Trump administration.
Those rules broadly addressed how debt collectors may communicate with and make disclosures to consumers.
Kathy Kraninger, the former CFPB head during the Trump administration, said the measures helped keep consumers informed. Critics argue that some aspects of the plan give companies too much power and allow them to hound indebted Americans for…
