19 September 2019 – Highlighting a number of “indirect effects” credit unions – which are not debt collectors as defined in the Fair Debt Collection Practices Act (FDCPA) – will face as a result of the CFPB’s proposed rule related to third-party debt collection, NAFCU’s Kaley Schafer outlined regulatory improvements the bureau can make before finalizing the rule.
More Stories
Chinese National’s Identity Theft Scheme Nets Porsche, Maserati—and Prison Time
Auto Finance Fraud Poised to Surpass $10 Billion in 2026
Former Credit Union CEO Permanently Banned by NCUA for Loan Fraud Exceeding $600,000