CFPB’s Interim Final Rule: Pandemic Debt Collection Practices Effective May 3
By EsqSocial Corporation 26/04/21
On April 19, 2021, the CFPB announced that it issued an interim final rule (IFR) in support of the Centers for Disease Control and Prevention (CDC)’s residential eviction moratorium (CDC Order), which will be effective May 3, 2021. The CFPB’s rule (summarized here) requires debt collectors to provide written notice to tenants of their rights under the CDC Order and prohibits debt collectors from misrepresenting tenants’ eligibility for protection from eviction under the moratorium......
By: McGlinchey Stafford