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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.
Does the Consumer Financial Protection Bureau (CFPB) have the power to tell debtcollectors to turn over their attorney-client privileged communications? Thus, the Bureau effectively believes it can obtain the privileged documents of any debtcollector in the country. The answer may depend on who you ask.
Federal Activities: On July 1, the Consumer Financial 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. For more information, click here.
Financial institutions, servicers, lenders, and debtcollectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debtcollection.
On July 29, the CFPB and the Federal Housing Finance Agency published updated loan-level data for public use collected through the National Survey of Mortgage Originations. On July 29, the Federal Trade Commission (FTC) announced that it will send refund checks, totaling nearly $2.3 For more information, click here.
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