Joint CFPB-FTC Brief: Collecting on Time-Barred Debt Can Violate FDCPA

The CFPB and FTC this week said in a court brief that “actual or threatened litigation is not a necessary predicate for an FDCPA violation in the context of time-barred debt.” The brief argues that under certain circumstances, a settlement offer — and other collection activity — on an out-of-statute account can mislead the consumer and could be a violation of the FDCPA.

Today's News and Opinion

A Glimpse at the Dynamic Non-profit Hospital Market March 7, 2014 Mike Ginsberg
When it Comes to Debt Collection, Don’t Believe Everything You See on TV March 7, 2014 insideARM.com
Student Loans: The Next Big Thing for the Collection Industry? March 7, 2014 insideARM.com
Webinar: Expert Panel on Speech Analytics for Compliance and Beyond March 6, 2014 insideARM.com
Top 4 Compliance Areas Debt Collectors Must Master Before a CFPB Audit March 6, 2014 Stephanie Levy
Is There an Appropriate Price Tag for New Collectors? March 6, 2014 insideARM.com
State AG Sues Collection Agency for Failure to Remit Debt Payments March 6, 2014 Patrick Lunsford
FTC Letter Reveals Increased FDCPA and Debt Collection Enforcement March 6, 2014 Patrick Lunsford
Private vs. Federal Student Loans: Different Rules, Different Collection Strategies March 6, 2014 Casey Stanley
ConServe Announces “Matching Gift Program” for Charitable Efforts March 6, 2014 insideARM.com
Array Services Group Philanthropy Continues in 2014 March 6, 2014 insideARM.com

Browse the Archive

Collection Industry Blogs

A Glimpse at the Dynamic Non-profit Hospital Market

Private vs. Federal Student Loans: Different Rules, Different Collection Strategies

Fresh Insights in ARM: From the Center of the Industry

The Growing Voice of the Customer: The CFPB Complaints Database

Using Responsive Design Mobile Apps to Collect Payments from Debtors

The Ultimate in Innovation: Real Answers for Working Smarter

What Differentiates a Good Collections Solution from a Bad One?

insideARM Poll

Experts say these laws and regulations may be the top four areas you should expect the CFPB to examine during a collection agency audit. Fortunately, getting organized early can help avoid confusion when the CFPB asks to see your policies. That’s why we compiled the top questions and expert insight from our insideCompliance webinar into one user-friendly report, To the Point: CFPB Audits.