Daily Digest – April 20. Bedard Walks Through Regulation F’s Other Prohibited Practices; CFPB Rule Requires Collectors to Provide Statement of Rights When Evicting Tenants

BEDARD WALKS THROUGH REGULATION F’S OTHER PROHIBITED PRACTICES

  • One of the first things that most collectors and debt buyers do after receiving a new account or portfolio of accounts is make sure that none of the individuals have filed for bankruptcy protection. Section 1006.30 of Regulation F, more commonly known as the Consumer Financial Protection Bureau’s Debt Collection Rule is essentially the reason for that they do that. Under the regulation, which includes many of the provisions from the Fair Debt Collection Practices Act, collectors are barred from attempting to collect on a debt which has been paid or settled or discharged in bankruptcy. And, as John Bedard from Bedard Law Group points out in this episode of “You Wanted a Rule, You Got a Rule,” what defines a debt collector can be an expansive term.

CFPB RULE REQUIRES COLLECTORS TO PROVIDE STATEMENT OF RIGHTS WHEN EVICTING TENANTS

  • Debt collectors that evict tenants will have to provide written notice to those individuals, alerting them to their rights under the Centers for Disease Control’s moratorium on evictions and will face prosecution by state attorneys general for violations of the Fair Debt Collection Practices Act or private lawsuits by the tenants for not doing so under a rule issued yesterday by the Consumer Financial Protection Bureau. The rule goes into effect on May 3.

HOUSE COMMITTEE TO MARK UP COLLECTION BILLS TODAY

WASHINGTON LEGISLATURE INCREASES FINES FOR CONSUMER PROTECTION ACT VIOLATIONS

UVA HEALTH TO WIPE OUT TENS OF THOUSANDS OF LIENS, JUDGMENTS

WORTH NOTING: After all these years, Pat Sajak wanted to get in on the action … Surefire signs you are ready to retire … Where to get deals today if you have the munchies, on 4/20 day … A Florida woman reeled in a 436-pound swordfish … Consumers are sitting on $5.4 trillion in savings … The FCC wants to hear from you if you think commercials are too loud … If you are looking to go on a cruise this year … Why grave cleaning should be left to the professionals.

Yoga moves to refresh yourself

Pizza delivery robots are here

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