Webinar Recording: What the CFPB’s New Debt Collection Rule Means for You

On Monday, May 10, 2021, at 12:00 p.m. to 1:00 p.m. Eastern, Seyfarth attorneys presented What the CFPB's New Debt Collection Rule Means for You.

On October 30, 2020, the CFPB released its long-awaited final collections rule, which restated and clarified certain prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors under the Fair Debt Collection Practices Act (“FDCPA”).  The release marks one of the most significant developments in the debt collection industry since the FDCPA was enacted in 1977.

In the third installment of the Consumer Financial Services Litigation Webinar Series, Seyfarth attorneys broke down various portions of the final rules. Below is the list of topics that were discussed in further detail.

• Overview of the FDCPA and Rulemaking that led to the Fall 2020 new regulations;
• Highlight of changes and key provisions in the new FDCPA regulations;
• Recent CFPB actions to delay and supplement the new FDCPA regulations (i.e., the two notices I circulated in the last few days).

Consumer Financial Services Webinar Series
Given the magnitude of the potential changes ahead, Seyfarth has developed a webinar series designed to convey strategies and best practices to help you to ensure that your company and internal clients are prepared for what is ahead. To stay abreast of these changes, please subscribe to our mailing to list.

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Speakers
Tonya M. Esposito, Partner, Seyfarth Shaw LLP
Michael E. Jusczyk, Associate, Seyfarth Shaw LLP
J. Patrick Kennedy, Senior Counsel, Seyfarth Shaw LLP