On October 29, 2021, the CFPB added a new section to the Reg F Frequently Asked Questions (FAQ) guidance documents. The new FAQs address the model validation notice, validation information, and the special rule for certain residential mortgage debts.
The CFPB also released a document entitled, “Debt Collection Rule: Disclosing the Model Validation Notice Itemization Table.” This guidance document reviews the required validation information and provides illustrations to show how a debt collector might comply with the requirement to disclose that information.
Behind on Reg F implementation? Join us on November 2, 2021 for "Reg (WT)F: An Extremely Practical Guide to Last Minute Reg F Prep" where we'll be discussing the practical guidance you need to implement Reg F. This will not be a standard webinar where people talk at you; the majority of this webinar will be Q&A to help you implement Reg F in just a few weeks.