|Event Date||Fri Jul 23 EDT (3 months ago)|
The Fair Debt Collection Practices Act (FDCPA) was enacted in 1977 to curb abusive debt collection practices. While communication methods have significantly evolved in the last 40 years (e.g., e-mail and text messaging), the FDCPA has not – until now.
In late 2020, the Consumer Financial Protection Bureau (CFPB) issued two final rules making significant updates to Regulation F which implements the FDCPA. These changes are effective on November 30, 2021.
•The FDCPA's scope and coverage.
• Guidelines for communicating with borrowers and third-parties.
• How to avoid false and/or misleading representations in the debt collection process.
• Debt collection activities that may be considered unfair and/or abusive.
• Other miscellaneous provisions of the FDCPA.
Who Should Attend?
Lenders, servicing personnel, debt collectors and compliance professionals would all benefit from the information covered.
Regulatory Compliance Counsel, Consulting, LLC