The updates focus on disputes and Reg F and adding debt buyers to definition of a debt collector. Editor’s note: This article is available for members only.
ACA International’s compliance department has updated the following ACA SearchPoint® documents available for members:
Disputes: Duties of Debt Collectors under the FDCPA and FCRA (#3014) – Added new information regarding Regulation F and duplicative disputes and reviewed for accuracy.
State Operational Definitions for Debt Collector and Debt (#2030); Updated Minnesota section to include debt buyers in the definition of debt collector.
State Licensing Requirements for Debt Purchasers (#4553); Updated Minnesota section to include debt buyers in the definition of collection agency.
State Interest Rates (#2015); Updated link for Minnesota 2021 rate schedule and updated corporate rate for Missouri.
ACA members may access the latest compliance-related documents via the ACA’s SearchPoint® library. Members must be logged in to the website to access ACA SearchPoint documents.