Change Order: The CFPB Previews Its Proposed FDCPA Regulations
By Andrew C. Glass, Brian M. Forbes, Gregory N. Blase, and Roger L. Smerage
The Consumer Financial Protection Bureau (“CFPB”) recently took the next step toward promulgating regulations under the Fair Debt Collection Practices Act (“FDCPA”) by releasing its “Outline of Proposals under Consideration and Alternatives Considered” (the “Outline”). The Outline sheds light on the approach the CFPB may take in regulating the debt-collection industry. As detailed in this alert, the proposed approach would implement comprehensive and substantial changes.
To read the full alert, click here.