Alerts11.30.20
Consumer Financial Protection Bureau Releases Final Rule Addressing Debt Collection
A new Consumer Financial Protection Bureau (CFPB) final rule directly regulates “debt collectors” as defined by the Fair Debt Collection Practices Act
The Consumer Financial Protection Bureau (CFPB) issued a final debt collection rule at the end of October, just prior to the holiday shopping rush, to clarify how and where debt collectors can contact consumers. This final rule also makes clear that the CFPB only applies to “debt collectors” under the Fair Debt Collection Practices Act (FDCPA) definition.
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