Troutman Sanders

MARCH 8, 2021

Representative Madeleine Dean reintroduced the Fair Debt Collection Practices for Servicemembers Act. The initiative aims to connect consumers “who have experienced fraud and other consumer problems with an easy way to report it and with advice to help them recover.” For more information, click here. On March 5, U.S.

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Troutman Sanders

MAY 2, 2023

The bill additionally leaves room for assets that don’t fit neatly into either category. On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act.

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Troutman Sanders

NOVEMBER 21, 2023

On November 16, the Consumer Financial Protection Bureau (CFPB) published its Fair Debt Collection Practices Act (FDCPA) Annual Report to Congress. The report highlights consumer protection issues in medical debt collection. The report also recommends that service providers provide market surveillance measures.

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