Browsing: Debt collection

Compliance and Risk

The American Bankers Association and a group of financial trade associations expressed opposition today to the Non-Judicial Foreclosure Debt Collection Clarification Act (H.R. 2547), a bill that would reverse a Supreme Court decision clarifying that a business engaged in non-judicial foreclosure proceedings is not a debt collector.

Compliance and Risk

The Consumer Financial Protection Bureau and Federal Trade Commission released their annual debt collection report summarizing efforts by both agencies to enforce the Fair Debt Collection Practice Act and educate consumers about debt collection.

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