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Comments on CFPB Debt Collection Proposed Rule
The National Installment Lenders Association (NILA) this week submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) on the topic of the bureau's proposed rule to amend Regulation F, 12 CFR part 1006, which implements the Fair Debt Collection Practices Act (FDCPA). In our comments, NILA recognized the need for string and effective consumer