New CFPB Updates to the Fair Debt Collection Practices Act

By Creditor’s Rights & Bankruptcy and Litigation Practice Groups On October 30, 2020, the Consumer Financial Protection Bureau (“CFPB”) issued a new rule regarding its implementation of the Fair Debt Collection Practices Act (“FDCPA”). The CFPB’s final rule (“Regulation F”) clarifies how the provisions of the FDCPA apply to modern methods of communication, including email, text