The CFPB is considering new limitations on collections for a covered loan from the borrower’s checking, cost cost savings, or prepaid account.

The CFPB is considering new limitations on collections for a covered loan from the borrower’s checking, cost cost savings, or prepaid account. These limitations would deal with the concern that is CFPB’s whenever a debtor authorizes collection through their account, she or he might not understand when presentments can be made, in what amount, and for exactly just what reason.…