Remove Consumer Collections Remove FDCPA Defense Related Topics
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The CFPB's Plans For The Collection Industry

FDCPA Defense

On February 17, 2012, the CFPB published its Proposed Rule Defining Larger Participants in Certain Consumer Financial Product and Service Markets. Entities in the debt collection market that generate $10 million in annual receipts from consumer collection activities would be deemed a “larger participant” in the market.

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Emerging Trends In FDCPA Litigation Against Community Association Attorneys

FDCPA Defense

Attorneys and other entities that regularly engage in collection work for community associations may be subject to the requirements of the Fair Debt Collection Practices Act, 15 U.S.C. as well as analogous state laws governing the consumer collection process.

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Can The CFPB Make Debt Collectors Reveal Their Attorney-Client Privileged Documents?

FDCPA Defense

CFPB-2012-0005 [link] The CFPB wants a “larger participant” to be any consumer debt collector who has more than $10 million in “annual receipts.” The Bureau estimates that this will bring approximately 175 entities, or the largest 4 percent of consumer collection firms, within the definition.