“CFPB and FTC Amicus Brief Signals Stance on “Pay-to-Pay” Fees Under FDCPA,” insideARM, March 28, 2024.

What Happened? On February 27, the Consumer Finance Protection Bureau (CFPB) and the Federal Trade Commission (FTC) filed an amicus brief in the 11th Circuit case Glover and Booze v. Ocwen Loan Servicing, LLC arguing that certain convenience fees charged by mortgage servicer debt collectors are prohibited by the Fair Debt Collection Practices Act (FDCPA).  […]

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A&B Abstract: On January 2, the Consumer Finance Protection Bureau (“CFPB” or “Bureau”) filed an amicus brief in Carrasquillo v. CICA Collection Agency, Inc. in support of Plaintiff-Appellant Carrasquillo. The brief challenges the District Court’s interpretation of the Fair Debt Collection Practices Act (“FDCPA”) in relation to a debt collector’s intent when making potentially incorrect […]

The post CFPB Amicus Brief in FDCPA Case Signals Its Stance on Liability for False Statements appeared first on Alston & Bird Consumer Finance ABstract.

On March 22, 2021, the Consumer Financial Protection Bureau (CFPB) released its 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). The CFPB’s annual report follows the Federal Trade Commission’s (FTC) annual letter to the CFPB regarding the FDCPA, publicly released on March 19, 2021. The annual report highlights both agencies’ efforts […]

The post What Do the CFPB’s and FTC’s 2020 Debt Collection Activity Forecast for 2021? appeared first on Alston & Bird Consumer Finance ABstract.

Debt collectors can expect the Consumer Financial Protection Bureau and Federal Trade Commission to be active regulators in the Biden Administration, especially during – and in the wake of – the COVID-19 pandemic. Our Consumer Protection/FTC and Financial Services Litigation teams examine the agencies’ latest reports on their work in 2020 and anticipate a tougher environment going forward.