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ABA: The American Bankers Association
Compliance News

Bureau Issues Notice of Proposed Rulemaking to Implement FDCPA

The Bureau issued a Notice of Proposed Rulemaking to implement the Fair Debt Collection Practices Act (FDCPA). Among other things, the proposal would set clear limits on the number of calls debt collectors may place to reach consumers on a weekly basis; clarify how collectors may communicate lawfully using voicemails, emails and text messages; and require collectors to provide additional information to consumers to help them identify debts and respond to collection attempts. Read a summary and flowchart of the proposed rule. Comments are due 90 days after publication in the Federal Register.