The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule.
CFPB issues compliance guide for debt collection rule
January 19, 2021 / By ICBA
The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule.
The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule. As advocated by ICBA, the CFPB structured the rules to ensure they apply only to third-party debt collectors and don't cover community banks and other first-party debt collectors.
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