A Paradigm Shift in Consumer Collections: How the CFPB’s Final Rule is Certain to Affect Creditors and Debt Collectors

The Fair Debt Collection Practices Act (FDCPA) is a dense federal statute that governs debt collection.

If you have read some of my previous articles on the topic, you will recall that this set of laws, in conjunction with similar state laws, were enacted to protect consumers from abusive and unfair practices by debt collectors.  However, since being enacted, the FDCPA has been extensively litigated to clarify its broad application and remains a source of much confusion.