CFPB Clarifies Legality Of Debt Collector Pay-To-Pay Fees
Collection Industry News
JULY 4, 2022
It is important to remember that this is only an advisory opinion, and that this guidance only applies to the category of “debt collectors” collecting a “debt” as those terms are narrowly defined under the FDCPA. Whether this advisory opinion will ultimately change binding precedent in jurisdictions that permit “convenience fees” is unknown.
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