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CFPB, FTC, Federal and State Law Enforcement Crackdown on Corrupt Debt Collectors

Collection Industry News

1:20-cv-01217 (W.D.N.Y ), the CFPB and New York Attorney General’s allege that, from at least 2015, the defendant debt collectors used deception, harassment, and other improper methods to induce consumers into making payments to them in violation of the Fair Debt Collection Practices Act (FDCPA) and the Consumer Financial Protection Act (CFPA).

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Compliance Digest – December 16

Account Recovery

Waters as House Finl Services Committee Preps Tech Hearing A pair of bills have been introduced in the House of Representatives by Rep. that aim to provide regulators with more transparency about how companies in the financial services industry are using artificial intelligence. Maxine Waters [D-Calif.] More details here.

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