As we previously reported here, the Consumer Financial Protection Bureau’s settlement with DriveTime provides several warnings to financial services institutions regarding their fair credit reporting and fair debt collection compliance. In a recent piece published in Law360, available here, Troutman Sanders attorneys Alan Wingfield, Paige Fitzgerald, and Nick Klaiber elaborated on their analysis of the settlement and the compliance lessons to be gleaned from it. As they wrote, the settlement is yet another example of the CFPB not only “stepping in to enforce existing laws where the civil remedies have been curbed,” but also “applying consumer protection principles broadly to consumer financial services companies of all types.”