Debt Collectors in Your DMs?
Consumer Bureau Rule Allows Debt Collectors to Use Social Media for Collection Communications
3 min readDec 8, 2021
Who is that sliding into your DMs? It could be a debt collector, thanks to a rule implemented by the Consumer Financial Protection Bureau (CFPB) that went into effect this month. The rule was codified during the tenure of Trump Administration CFPB Director Kathy Kraninger.
NPR reports on the rule change:
The next time someone tries to friend you on Facebook or follow you on…