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Sunday, May 5, 2024

SEYFARTH SHAW LLP: What the CFPB’s New Debt Collection Rule Means for You

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Seyfarth Shaw LLP recently issued the following announcement.

Date: May 10, 2021

On October 30, 2020, the CFPB released its long-awaited final collections rule, which restated and clarified certain prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors under the Fair Debt Collection Practices Act (“FDCPA”).  The release marks one of the most significant developments in the debt collection industry since the FDCPA was enacted in 1977.

In the third installment of the Consumer Financial Services Litigation Webinar Series, Seyfarth attorneys will break down various portions of the final rules. Below is the list of topics that we plan to discuss in further detail.

  • Overview of the FDCPA and Rulemaking that led to the Fall 2020 new regulations;
  • Highlight of changes and key provisions in the new FDCPA regulations;
  • Recent CFPB actions to delay and supplement the new FDCPA regulations (i.e., the two notices I circulated in the last few days).
Consumer Financial Services Webinar Series

Given the magnitude of the potential changes ahead, Seyfarth has developed a webinar series designed to convey strategies and best practices to help you to ensure that your company and internal clients are prepared for what is ahead. To stay abreast of these changes, please subscribe to our mailing to list.

Subscribe to Seyfarth's Consumer Financial Services Mailing List.

For updates and insight on Consumer Financial Services Issues, we invite you to click here to subscribe to Seyfarth's Consumer Class Defense Blog.

Speakers

Tonya M. Esposito, Partner, Seyfarth Shaw LLP

Michael E. Jusczyk, Associate, Seyfarth Shaw LLP

J. Patrick Kennedy, Senior Counsel, Seyfarth Shaw LLP

Original source can be found here.

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