December 03, 2020

From Landlines to Friend Requests: New CFPB Rule Tries to Bring Debt Collection to the 21st Century



After much anticipation, the US Consumer Financial Protection Bureau (CFPB) has issued the first significant rule implementing the Fair Debt Collection Practices Act (FDCPA) since the FDCPA was enacted more than 40 years ago. The rule clarifies how the pre-internet era FDCPA regulates debt collectors in the age of cell phones, email and social media. Please join Mayer Brown lawyers Stephanie Robinson, Anjali Garg and Dan Pearson on December 3 for a 30-minute discussion of the key provisions and takeaways from the rule, including:

  • The scope of the rule;
  • Key practice requirements; and
  • Other takeaways to keep in mind ahead of the implementation deadline.  

Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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