A medical debt collector that in “at least thousands of times” continued efforts to collect on debt that was not substantiated after a consumer disputed the debt’s validity must pay redress plus a $1.675 million […]
Revisions to interagency examination procedures for the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation (Regulation F) were released jointly Thursday by federal banking regulators under the umbrella Federal Financial Institutions Examination Council […]
A debt collection enterprise based in upstate New York and charged two years ago for lying to and harassing consumers would be required to exit the debt collection market, pay $4 million in civil money […]
Top issues raised by consumers in the some 121,700 debt collection complaints received last year by the federal consumer financial protection bureau included the debt not being theirs, problems with written notifications, and being threatened […]
New debt collection rules adopted by the federal consumer financial protection agency went into effect Tuesday, the agency noted in a blog entry laying out five key points to know about the regulation. According to […]
Guidance documents to help institutions understand their compliance requirements under federal rules implementing the Fair Debt Collection Practices Act (FDCPA), in particular, the rule’s validation requirements, have been updated by the Consumer Financial Protection Bureau, […]
After finding that an effective date extension of two final rules under fair debt collection laws is unnecessary, the federal consumer financial protection agency Friday said the rules would take effect, as originally planned, on […]
Tenants can hold debt collectors accountable for illegal evictions in the face of a moratorium on such actions outlined by federal health authorities, according to a rule issued Monday by the federal consumer financial protection […]
Updates to the small entity compliance guide addressing December revisions to fair debt collection rules were announced in an email Friday by the Consumer Financial Protection Bureau (CFPB). The rules, which implement the Fair Debt […]
Two debt collection rules currently slated to take effect this Nov. 30 would instead have a delayed compliance deadline of Jan. 29, 2022, under a proposal issued Wednesday to give those affected more implementation time […]
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