What Banks and Credit Unions Need to Know: CFPB Enters into Debt Collection Consent Order
Consumer Financial Services Law
OCTOBER 13, 2016
The Consent Order further reiterates the CFPB’s position that first party debt collectors, while not subject to the FDCPA, are prohibited from engaging in unfair, deceptive, or abusive acts or practices when engaged in the collection of consumer debts.
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