FTC and CFPB host roundtable on data integrity in debt collection
When the topic turns to debt collection, some people assume the only thing that changes hands is money. But there’s another important consideration: the life cycle of consumer information as it flows through the debt collection process. That's the subject of Life of a Debt: Data Integrity in Debt Collection, a June 6, 2013, roundtable co-hosted by the FTC and the Consumer Financial Protection Bureau (CFPB).
What’s on the agenda? Attendees will hear from consumer advocates, industry members, credit issuers, academics, and law enforcers about hot topics like:
- the amount of documentation and other information currently available to different types of debt collectors and at different points in the process;
- what’s needed to verify and substantiate debts; and
- the costs and benefits of additional disclosures for consumers about their debts and debt-related rights.
Also on the table: verifying disputed debts under the Fair Debt Collection Practices Act, investigating disputed debts under the Fair Credit Reporting Act, time-barred debts, and litigation issues.
The roundtable is scheduled for Thursday, June 6th, at the FTC’s Conference Center at 601 New Jersey Avenue, N.W., in Washington, D.C. Registration opens at 8:00, but if you can’t make it, we’ll be webcasting it, too. RSVP by sending your name and affiliation to LifeofaDebt@ftc.gov.
Looking for more resources on helping your clients comply with the law? Bookmark the FTC's debt collection page in the Business Center.