Regulation F is sneaking up on us all. Are you ready?
With Regulation F becoming the new law of the land on November 30th, many are still scrambling to understand just what this means from a day-to-day compliance stand point. To ease some of confusion, the Consumer Financial protection Bureau (CFPB) has issued a set of frequently asked questions pertaining to these new laws.
The CFPB’s FAQ’s are broken down into four areas pertaining to the below issues;
Limited-Content Messages
Telephone Call Frequency
Telephone Call Frequency: Presumptions
Telephone Call Frequency: Excluded Calls
Telephone Call Frequency: Rebutting the Presumptions
Read the entire CFPB FAQ here!
These topics then are broken down into a series of additional subsequent and related questions as they pertain to compliance within the new Debt Collection Rule.
Source: CFPB
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