The CFPB Issues Regulation F, but the Debt Collection Rules Are Far From Final
By EsqSocial Corporation 03/11/20
The long-awaited Final Rule (Regulation F) for the Fair Debt Collection Practices Act (FDCPA) was issued Friday afternoon, concluding a seven-year rulemaking process. In its official press release, the Consumer Financial Protection Bureau’s (CFPB or Bureau) Director, Kathleen Kraninger, stated that “Our debt collection rulemaking provides limits on debt collectors and provides clear rights for consumers. With this modernized debt collection rule, consumers will have greater control when...
By: Clark Hill PLC