3 06, 2019

Consumer Financial Protection Bureau Proposes Regulations to Modernize the Fair Debt Collection Practices Act

Fair Debt Collection Practices Act|

Congress delegated the authority to issue substantive rules interpreting the Fair Debt Collection Practices Act (“FDCPA”) to The Consumer Financial Protection Bureau (“CFPB”) in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Recently, CFPB proposed new rules modifying the FDCPA.

The proposed rules seek to clarify and modernize many of the FDCPA’s requirements to bring it up