The Fair Debt Collection Practices Act’s definition of “debt collectors” has led to both extensive litigation and contradictory Circuit Court decisions. Codilis & Associates member Lauren Riddick dives into the impact of the case, and discusses how the results may clear up some of these contradictions.
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CFPB Tackles Mortgage Debt Collection Issues
Here’s what a report by the CFPB revealed about the debt collection practices of various lenders and how it plans to address these issues through a Notice of Proposed Rulemaking.
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