On Wednesday, May 9, Alston & Bird hosted the third session in its six-part series of teleseminar programs addressing issues of immediate concern for financial institutions impacted by the significant regulatory reforms of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Frank Hirsch and Chris Riley discussed recent positions taken by the Consumer Financial Protection Bureau in amicus briefs filed in various Circuit Courts of Appeals and the U.S. Supreme Court on issues relating to the Fair Debt Collection Practices Act (FDCPA) and the Truth in Lending Act (TILA). The following topics were covered during the program.
- who constitutes a "debt collector" under the FDCPA;
- what constitutes "debt collection" and "communications" regarding debt collection under the FDCPA; and
- whether, under TILA's provisions allowing consumers to rescind certain mortgage loans within three years after the earlier of the consummation of the loan or sale of the home, consumers must initiate a lawsuit seeking rescission within the three-year period or simply provide notice to the lender of an intention to rescind within the three-year period.
To listen to a recording of the seminar, please click here.
May 9, 2012
1:00pm - 2:00pm