News & Analysis as of

Fair Debt Collection Practices Act Proposed Regulation

Manatt, Phelps & Phillips, LLP

CFPB: Debt Collectors, Consumers Receive Clarity on Time-Barred Debt

Proposing a specific limit on debt collectors but also providing a safe harbor for compliance, the Consumer Financial Protection Bureau (CFPB) has issued proposed regulations that would allow debt collectors to contact...more

Brownstein Hyatt Farber Schreck

Brownstein Attorneys Advise on Updates to 40-Year-Old FDCPA

On Tuesday evening, Sept. 17, ACA International filed a 155-page comment to the Consumer Financial Protection Bureau’s (“Bureau”) proposed debt collection rule. The comment advocates for consumers, creditors and a stable U.S....more

Dorsey & Whitney LLP

CFPB Unveils Outline for Sweeping Changes to Debt Collection Industry Practice

Dorsey & Whitney LLP on

The Consumer Financial Protection Bureau (“CFPB”) revealed yesterday its proposal to overhaul debt collection industry practices through tighter regulations, including limits on the frequency of consumer contact and ensuring...more

Ballard Spahr LLP

NY Department of Financial Services Issues Revised Proposed Debt Collection Rules

Ballard Spahr LLP on

The New York Department of Financial Services (DFS) recently issued revised proposed debt collection regulations, which have important implications concerning charged-off and time-barred debt, for third-party debt collectors...more

Ballard Spahr LLP

New York Proposes Far-Reaching Debt Collection Regulations

Ballard Spahr LLP on

The New York Department of Financial Services (DFS) has proposed new regulations that would impose significant disclosure and other requirements on persons engaged in the collection of consumer debts....more

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