CFPB Proposes Debt Collection Rule that Congress Rejected [Podcast]

The CFPB’s proposed debt collection rules envision a much needed update and modernization to many provisions in the Fair Debt Collection Practices Act.  However, the CFPB’s proposed rules include a limit of the number of debt collection calls that may be made per week without regard to the REJECTION of call frequency limits by Congress.  Because our Congress considered and dismissed call frequency limits for debt collectors, the CFPB cannot implement such limits through rulemaking.

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News and Opinion

from insideARM.com

» CFPB Proposes Debt Collection Rule that Congress Rejected [Podcast]

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» City of Norfolk, VA Adopts CSS IMPACT! Financial Cloud

» Court Trebles TCPA Damages Against Debt Collector for Using Skip-Traced Numbers, Awards ~$300k

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» Industry Veteran Linda Straub Jones Joins NeuAnalytics

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» National Creditors Bar Association Appoints Liz Terry as Executive Director

You Oughta Know, 3 October 2019

Welcome to You Oughta Know, a collection of links from around the internet that you should probably know about.

• The Middle-Class Crunch: A Look at 4 Family Budgets. "Examine the typical American family’s monthly budget, line by line, and a larger story emerges about how the middle class has evolved." (NYT)
• INSIGHT: One Text Message Not Enough for TCPA Lawsuit. "Not every unsolicited text message provides an offended party the ability to sue under the TCPA, the Eleventh Circuit ruled. Akin Gump attorneys examine the ruling and explain that the ruling confirms important limits as to the type of harms that the TCPA was enacted to address." (Bloomberg Law)
  
• Medical Debt Is No. 1 Dealbreaker for U.S. Housing, Zillow Says. "Medical debts are more likely than other kinds to get in the way of Americans trying to buy or rent a home, according to an annual survey by real-estate data firm Zillow." (Bloomberg)
  

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Validation: A Closer Look at the CFPB's NPRM

15 October 2019 at 02:00 p.m.

Join members of insideARM's Research Assistant group as they dive deeper into the Validation section of the CFPB's NPRM.

We'll look at:

1. What the rule says in practical terms
2. What changes to business practices are likely necessary
3. What stresses are likely to be placed on business
4. What risks there might be to business in this section
5. What open questions remain that the text of the rule doesn't answer

Event Details »

Free Reports and Webinars

from insideARM.com

» CFPB's NPRM – Locating & Communicating

» Straight Talk About Privacy, Security, and Cyber Liability

» 5 Things Successful Collections Professionals Always Do

» The Consumer's Credit-Collection Journey, Powered by Artificial Intelligence

» Understanding the CPFB's Notice of Proposed Rulemaking

» insideARM's Case Law Tracker Demo

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