Oregon DCBS Guidance to Collection Agencies and Debt Buyers Regarding COVID-19

By Litigation Practice Group On April 30, 2020, Oregon’s Department of Consumer and Business Services (“DCBS”) published Bulletin No. DFR 2020-2014 (the “Bulletin”) to provide guidance to Oregon-regulated collection agencies and debt purchasers to actively help debtors hit by the economic effects of the novel coronavirus. The Bulletin follows guidance issued at the end of March 2020 to lenders

US Supreme Court Clarifies Definition of “Debt Collector”

By Creditor’s Rights & Bankruptcy Practice Group On June 12, 2017, in a decision written by newest Supreme Court Justice Neil Gorsuch, the Supreme Court unanimously held that a party that purchases debts and then pursues collection activity on its own is not a “debt collector” as defined in the Fair Debt Collection Practices Act