CFPB Releases Small Entity Compliance Guide for Debt Collection Rule

The guide may serve as a resource along with ACA International’s comprehensive ACA Huddle webinars on the CFPB rule, which are archived in the CFPB Rule Resources section on ACA’s website.

1/15/2021 3:00 PM

CFPBNewsCompliance
CFPB Releases Small Entity Compliance Guide for Debt Collection Rule

The Consumer Financial Protection Bureau added to its resources on the debt collection rule by issuing a small entity compliance guide focused on part one, which was released in October 2020.

The guide includes a detailed summary of the October 2020 final rule’s substantive prohibitions and requirements, including those that generally restate the FDCPA’s prohibitions and requirements. Section 2 provides a summary that highlights the October 2020 Final Rule’s key interpretations and clarifications of the FDCPA. Users of this guide should review the October 2020 final rule and the December 2020 final rule as well as this guide.

These resources, available here on the CFPB’s website, may serve as an added guide for ACA International members catching up on the ACA Huddle CFPB Rule Series part one and two. ACA Huddle recordings, presentations and news articles on the rule are available on ACA’s website and members can access these resources through a link at the top of the home page, acainternational.org.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

CFPB Releases Small Entity Compliance Guide for Debt Collection Rule

The Consumer Financial Protection Bureau added to its resources on the debt collection rule by issuing a small entity compliance guide focused on part one, which was released in October 2020.

The guide includes a detailed summary of the October 2020 final rule’s substantive prohibitions and requirements, including those that generally restate the FDCPA’s prohibitions and requirements. Section 2 provides a summary that highlights the October 2020 Final Rule’s key interpretations and clarifications of the FDCPA. Users of this guide should review the October 2020 final rule and the December 2020 final rule as well as this guide.

These resources, available here on the CFPB’s website, may serve as an added guide for ACA International members catching up on the ACA Huddle CFPB Rule Series part one and two. ACA Huddle recordings, presentations and news articles on the rule are available on ACA’s website and members can access these resources through a link at the top of the home page, acainternational.org.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

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