Proposed California Debt Collection Licensing Regulations Raise Scope Concerns
By EsqSocial Corporation 25/05/21
Last month, the Department of Financial Protection and Innovation (DFPI) published proposed regulations under the Debt Collection Licensing Act (DCLA). The regulations largely address procedural matters related to obtaining a license. However, the DFPI’s proposed regulations also appear to implicitly address the scope of the license requirement, potentially expanding the category of licensees beyond what the statutory text contemplates. The DCLA requires all persons who "engage in the business...
By: Hinshaw & Culbertson - Consumer Crossroads