On January 2, 2013 the Consumer Financial Protection Bureau (CFPB) starts its supervision of large debt collection firms that account for 63 percent of the market.  The CFPB announced Final Rule on Wednesday.  The CFPB will regulate 175 debt collection firms that each bring in more than $10 million in annual receipts.  See the live-blog entries from the CFPB’s roundtable as to what the CFPB means when it says ‘supervisory’ authority.  The FTC also enforces the FDCPA, but does not have supervisory authority.  The American Bar Association reacted almost immediately as to whether the CFPB can regulate lawyers who also act as debt collectors, here.