CFPB Proposes New Rules Under FDCPA - Articles

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Posted by: Chelsea Bennett on May 24, 2019

Earlier this month, the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking to implement the Fair Debt Collection Practices Act, according to a press release by the CFPB. The proposed rule seeks to clarify how collectors can communicate with consumers. Specifically, the rule addresses how collectors can use newer technologies to communicate, such as voicemails, emails and text messages. Additional clarity on the number of call attempts and telephone conversations allowed are outlined. CFPB invites the public to submit written comments on the proposed rule. Read the proposed rule here.