
Decedent Debt: One Area Where CFPB’s Debt-Collection Proposal Goes Really Wrong
CFPB's debt-collection proposal may mean well, but see what it would do under this scenario. A man passes away, leaving an 87-year-old widow. She has a CPA son who is taking care of the estate (the vast majority of decedent's estates go through informal probate), but debt collectors would not be allowed to communicate with the CPA son. They would be required to communicate only with the widow. [8/26/16]