The Consumer Financial Protection Bureau has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking information on debt collection practices of third-party debt collectors and debt buyers, as well as those of creditors collecting their own debts. The comment period on the 162-question ANPR will be open until February 10, 2014.

The CFPB's rulemaking could dramatically alter the debt collection landscape and affect all aspects of the collection process, including communications with debtors and third parties, collection litigation, and debt sales. To help companies understand the potential implications of the CFPB's rulemaking and prepare themselves for new regulation, the topics to be addressed in our webinar will include:

  • Sources of the CFPB's authority to regulate debt collection, including its authority to prescribe rules prohibiting "unfair, deceptive, or abusive" acts or practices 
  • How new rules are likely to affect creditors collecting their own debts
  • New consumer disclosures the CFPB is likely to propose 
  • New documentation requirements the CFPB is likely to propose for debt sales and placement of debts with third-party collectors
  • Tips for companies planning to develop comments in response to the ANPR

Program

12:00 PM - 1:00 PM ET | Webinar

Moderator

Alan S. Kaplinsky, Practice Leader
Consumer Financial Services Group

Presenters

John L. Culhane, Jr.
Consumer Financial Services Group

Christopher J. Willis
Consumer Financial Services Group

Stefanie H. Jackman
Consumer Financial Services Group

Kim Phan
Consumer Financial Services Group

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa Prickril at prickrill@ballardspahr.com.

Related Practices

Consumer Financial Services
Mortgage Banking