The CFPB’s Potential Proposed Rules for the FDCPARead Time: 1 min
NCHER Training CallThe CFPB was given the authority to create rules for the FDCPA as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act. The potential proposed rules were released in late July in conjunction with a planned late-August Small Business Review Panel meeting, which the Bureau must convene to comply with the Small Business Regulatory Enforcement Fairness Act. While these rules are not officially the proposed rules the CFPB must provide as part of the rulemaking process, they provide an excellent “first-look” at the Bureau’s current thinking regarding the FDCPA. Member Kelly Lipinski participated in a training call for NCHER members on the proposed rules.