CFPB Issues New Final Rule Modernizing the Fair Debt Collection Practices Act

On October 30, the CFPB issued a new final rule implementing the Fair Debt Collection Practices Act (FDCPA), highlighted in a previous edition of the Roundup, that is designed to strengthen protections to consumers who communicate with debt collectors and clarifies the application of the FDCPA to newer communication technologies that have developed in the four decades since the FDCPA first passed in 1977. Read the LenderLaw Watch blog for an analysis of the rule as Goodwin monitors how it is applied and litigated for its clients involved in FDCPA litigation.