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CFPB Issues Debt Collection Guidance and Creates More Uncertainty for Mortgage Servicers | Bradley Arant Boult Cummings LLP

On October 29, 2021 just 32 days prior to the November 30, 2021 effective date the Consumer Financial Protection Bureau (CFPB) released new guidance regarding the debt validation. ....

Consumer Financial Protection Bureau , Bradley Arant Boult Cummings , Frequently Asked Questions , Validation Information , Residential Mortgage Debt , Compliance Aids ,

CFPB Debt Validation Notice Requirement Update

Consumer Financial Protection Bureau CFPB released new guidance regarding the debt validation notice requirements that are part of the upcoming debt collection rules: Frequently Asked Questions re special rule for certain residential mortgage debts requiring itemization information. ....

Consumer Financial Protection Bureau , Frequently Asked Questions , Validation Information , Residential Mortgage Debt , Compliance Aids , Ebt Validation Notice Requirements , Pcoming Debt Collection Rules , Mortgage Servicer ,