On October 29, the New York Department of
Financial Services issued proposed amendments to 23 NYCRR 1, its regulation
titled “Debt Collection by Third-Party Debt Collectors and Debt
Buyers.” The proposed amendments would make significant
changes to the sections of the current regulation dealing with initial
disclosure requirements, statute of limitations disclosures, substantiation
requirements, and telephone and electronic communications. They would also align the DFS regulation with several of the CFPB’s requirements in Regulation F. Regulation F is set to become effective on November 30, 2021.
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Just before noon today, the Eleventh Circuit Court of appeals issued an order (Order) vacating its opinion in Hunstein vs. Preferred Collection & Management Services, Inc, 994 F.3d 1341 (11th Cir. 2021), which means Hunstein is no longer good law.
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ST. GEORGE, UT -- TCN, Inc., a global provider of a comprehensive cloud-based call center platform for enterprises, contact centers, BPOs, and collection agencies, today announced the launch of "A Comprehensive Guide to Regulation F and How It Impacts Debt Collection," an online guide that details the new rules announced by the Consumer Financial Protection Bureau (CFPB) in its interpretation of the Fair Debt Collections Practices Act (FDCPA), which takes effect on Nov. 30, 2021.
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