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CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages

Collection Industry News

MAY 2, 2023

. – Today, the Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations. A time-barred debt is one whose statute of limitations has expired.

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Be prepared: Government support will not be there forever – A guest blog by Graydon

CICM

JUNE 22, 2021

But what is not happening already, is in this case definitely going to come. These ‘zombie companies’ make it even more difficult for your organisation to estimate the impact of the coming end to government support. In the Netherlands, the Dutch national debt increased by 42 billion euros. Will you be ready for it when it does?

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