CFPB issues Reg F debt collection rule FAQs

CFPB issues Reg F Debt Collection Rule FAQs

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

Facebook Comments