CFPB Debt Collection Practices Rule Part II Finalized Creating Challenges For Bankers And Debt Collectors

LexisNexis (February 4, 2021, 2:25 PM EST) -- In the waning days of the Trump Administration, the Consumer Financial Protection Bureau fulfilled its promise to address the holes left in its first set of rulemaking amending the federal debt collection rule known as Regulation F. The finalizing amendments are now complete, making it possible to gain some preliminary perspective on the 2020 revised regulation in its entirety....