I had to read the original story from National Law Review twice to make sure I actually got the facts right. Sadly I had.
We knew when Mick Mulvaney took over the CFPB that protections for consumers were going to erode. Mulvaney was already critical of the role of the agency to protect consumers from financial abuse.
In this case, the CFPB has come out in support of the debt collection industry and states in the act of foreclosing does not fall under the laws of the Fair Debt Collections Practice Act (FDCPA).
States which have non-judicial foreclosure are Alabama, Alaska, Arizona, Arkansas, California, Colorado, District of Columbia (sometimes), Georgia, Idaho, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico (sometimes), North Carolina, Oklahoma (unless the homeowner requests a judicial foreclosure), Oregon, Rhode Island, South Dakota (unless the homeowner requests a judicial foreclosure), Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wyoming. – Source
The issue of non-judicial foreclosure not falling under the FDCPA means consumers have far fewer rights and options from collector abuse and folly.
With this filing, it certainly feels as if the CFPB has turned from working for consumers to working against.