Remove Collateral Remove Collection Companies Remove Fair Debt Collection Remove Foreclosure
article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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. of its total assets in U.S. For more information, click here.