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Special Alert: CFPB Releases Outline of Proposed Rule for Third Party Debt Collectors On July 28, the CFPB announced that it is considering proposing a rule to overhaul the debt collection market
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Submit the special alert CFPB release as instructed. This may involve mailing a physical copy, submitting it online through the CFPB's website, or following any other specified submission method.

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The special alert CFPB releases are notifications regarding important updates or changes related to consumer financial protection.
Financial institutions and entities regulated by the Consumer Financial Protection Bureau (CFPB) are required to file special alert reports.
Special alert CFPB releases can be filled out online through the CFPB's secure portal or submitted via mail.
The purpose of special alert CFPB releases is to ensure transparency and compliance with consumer financial protection laws and regulations.
Special alert CFPB releases must include details of the incident, impact on consumers, actions taken, and any remediation plans.
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