1. The Proposed CFPB Debt Collection Rules – Is It too Soon to Act?

The Proposed CFPB Debt Collection Rules – Is It too Soon to Act?

$99.00
Nationally recognized financial services attorney Manny Newburger will detail the changes that the CFPB has proposed to debt collection rules. You will learn how the new requirements will affect your institution and what steps you can take to prepare now.
Event ID: 2167666
Recording: Unable to attend? A recording will be available after the presentation.
Date: Recorded on Tuesday, February 25, 2020
Duration: Scheduled for 90 minutes including question and answer period.
Presenter: Manny Newburger
Credits: 1.5 NASBA (Management Services)

The Proposed CFPB Debt Collection Rules – Is It too Soon to Act?

For the first time in over 40 years, the CFPB has proposed new rules to govern consumer debt collection under the Fair Debt Collection Practices Act (FDCPA). The comment period has ended, making the issuance of a final regulation imminent.

As a creditor, you need to be concerned about how the rules could affect recoveries and what impact they will have on vendor auditing.

  • How will financial institutions benefit from the proposed rules?
  • What are the potential limitations?
  • How will the rules affect customer contacts?
  • What vendor audit concerns must you address?
  • What is the potential impact of the pending legal challenge to the CFPB’s structure?

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