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If the individual owner or tenant owes the receivable and you seek payment from the individual through a debtcollector , the CFPB will have a watchful eye. What is the ConsumerFinancial Protection Bureau? The CFPB determines how, where, and when you can pursue debtcollection efforts against your consumer customer.
Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations. The FDCPA prohibits debtcollectors from making false or misleading representations and from engaging in various abusive and unfair practices.
Federal Activities: On July 1, the ConsumerFinancial Protection Bureau (CFPB or Bureau) released a new complaint bulletin covering several areas of concern on relief provided in response to the COVID-19 pandemic, including the Centers for Disease Control and Prevention (CDC) eviction moratorium.
The Florida ConsumerCollection Practices Act (FCCPA) is a pro-consumer statute. Unlike the FDCPA, which only applies to debtcollectors, the FCCPA applies to all persons or businesses collectingconsumerdebts.
The ConsumerFinancial Protection Bureau (CFPB) today took action against a medical debtcollector, Commonwealth Financial Systems, for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts. WASHINGTON, D.C. – Read today’s order.
Because the Rule now addresses communications regarding dead consumers, it’s important to review skip trace policies and ensure policies are in place which will provide the debtcollector with ample information as to the deceased consumer’s estate. Debt Validation Notice. Location Information.
18) of the Florida ConsumerCollection Practices Act (FCCPA), which makes it unlawful for a debtcollector to communicate with a debtor if the debtcollector knows that the debtor is represented by an attorney with respect to such debt and has knowledge of, or can readily ascertain, such attorney’s name and address.
On July 15, the Connecticut Department of Banking fined a collection agency, after finding it had allegedly operated without proper licensing for about seven years. The collection agency filed an application through the Nationwide Multistate Licensing System and Registry with the state to act as a consumercollection agency in Connecticut.
District Court for the District of Nevada against Nevada Financial Institutions Division Commissioner Sandy O’Laughlin, seeking a temporary restraining order to delay the effective date and to acquire some clarity on the new law’s requirements. For more information, click here. For more information, click here.
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