News from Overnight: CFPB Issues Reminders on Communicating with Debt Collectors


In other news, Paycheck Protection Program loan applications are available; draft data privacy bill introduced.

6/19/2020 7:30

CFPB Issues Updated Tips on Communicating with Debt Collectors

The Consumer Financial Protection Bureau has updated information on managing debt as the COVID-19 pandemic continues, including important reminders to communicate with lenders or debt collectors about past-due bills so they can help with hardship programs or other accommodations. Read more from the CFPB here.

Borrower-Friendly Paycheck Protection Program Applications Now Available

The U.S. Small Business Administration and the U.S. Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020, according to a news release. Read more here.

Brown Releases New Proposal Regarding Policy

U.S. Sen. Sherrod Brown, D-Ohio, ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Thursday released a draft privacy bill, the Data Accountability and Transparency Act of 2020.  A press release is available here.

District Court Enforces Government-Backed Debt Exemption in TCPA Case

The U.S. District Court for the Northern District of Illinois has ruled in a student loan case, Tillman v. Navient Sols, LLC and dismissed the “plaintiff’s TCPA claim turned on the government-backed debt exception to the TCPA.” A decision on the topic at in Barr v. American Association of Political Consultants Inc. is also pending from the U.S. Supreme Court. Read more in TCPA World here.

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