If you are reading this article, you are likely aware that a creditor collecting its own debts in its own name is not a "debt collector" under the federal Fair Debt Collection Practices Act ("FDCPA") or its implementing rule,...more
7/26/2024
/ Article III ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Creditors ,
Debt Collection ,
Debt Collectors ,
Electronic Communications ,
Email ,
FDCPA ,
Federal Trade Commission (FTC) ,
Fees ,
Financial Services Industry ,
Loan Servicer ,
Regulation F ,
Risk Management ,
Spokeo v Robins ,
Standing ,
State Attorneys General ,
Text Messages ,
TransUnion ,
UDAAP
In this article, we share a timeline of our monthly "bites" for 2023 applicable to debt collection. If debt collection in 2023 had a theme it would be medical debt....more
2/1/2024
/ Consumer Financial Protection Bureau (CFPB) ,
Credit Reports ,
Debt Collection ,
Debt Collectors ,
Enforcement ,
Enforcement Actions ,
FDCPA ,
Financial Services Industry ,
Loan Servicing ,
Medical Debt ,
Mortgages ,
Payday Loans ,
Rulemaking Process ,
Student Loans ,
UDAAP
The first half of 2022 has seen a flurry of state and federal activity attempting to reign in "convenience fees"—fees charged by a creditor, debt collector, or third party to a consumer for making a payment via some means...more
The first half of 2022 has seen a flurry of activity at the state and federal level attempting to reign in "convenience fees" - fees charged by a creditor, debt collector, or third party to a consumer for making a payment via...more
On May 7, 2019, the Consumer Financial Protection Bureau ("CFPB" or the Bureau") released its Fair Debt Collection Practices Act ("FDCPA") Notice of Proposed Rulemaking ("Proposals") and Request for Public Comment. The Bureau...more
6/3/2019
/ Communication Restrictions ,
Consumer Financial Protection Bureau (CFPB) ,
Creditors ,
Debt Collection ,
Debt Collectors ,
Debtors ,
Email ,
FDCPA ,
Notice of Proposed Rulemaking (NOPR) ,
Notice Requirements ,
Opt-Outs ,
Proposed Rules ,
Public Comment ,
Safe Harbors ,
Text Messages ,
UDAAP ,
Unfair or Deceptive Trade Practices ,
Unsolicited Phone Calls