Back from the dead: Zombie debt schemes leverage charged-off auto debt
An emerging fraud scheme is attempting to give long-charged-off debt new life in the form of fraudulently boosted credit scores. ...
Tag: Fair Debt Collection Practices Act
Auto collection complaints skyrocket 72% in 2021
Consumer complaints related to vehicle loans and leases increased 12% in 2021, but those centered on the collection of debt ...
CFPB proposes to extend start date of two debt-collection rules
The Consumer Financial Protection Bureau issued a proposal to extend the effective date by 60 days for two rules under ...
CFPB advisory: Helpful for lenders, but at what costs?
The Consumer Financial Protection Bureau‘s latest guidance effort may be beneficial for lenders, but has its drawbacks, industry lawyers say. ...
CFPB opens effort to give lenders more clarity on regs
The Consumer Financial Protection Bureau is trying to uncomplicate the complicated. The federal regulator today launched a pilot program that allows lenders, including some automotive lenders, a more ...
Decision rules streamline lending
Rules and regulations are an inherent part of lending. The more efficiently lenders comply, the smoother the lending process for ...
Supreme Court clarifies FDCPA statute of limitations
The U.S. Supreme Court has determined that the statute of limitations for offenses against the Fair Debt Collection Practices Act ...
Year in review: Top compliance initiatives in 2019
Early this year, I gazed into my crystal ball to predict some key regulatory and compliance issues I thought we’d ...
