On Friday, the CFPB finalized its long-awaited debt collection rule. Join us this Thursday to learn about what is in the final rule, how the final rule is different from what the CFPB proposed in May 2019, and how the final rule might impact your business.
The rule will become effective one year after it is published in the Federal Register. Although the CFPB has afforded the industry a year to implement the new rule, now is the time to at least start assessing how the rule might affect your company and determine what steps might be needed to ensure you are ready to comply. Whether you are a third-party debt collector whose entire business will be subject to the rule, a mortgage servicer who is only considered a debt collector for certain loans, or a first-party creditor interested in establishing best practices based off of the CFPB’s guidance, join us to learn more about the new final rule.