Venable partners Jonathan Pompan and Alex Megaris will present a two-part webinar, “CFPB Debt Collection Rule Takes Effect November 30: Is Your Team Ready?” With less than two months left to ensure your company is ready to comply with the new debt collection rule, this webinar is designed for in-house legal and compliance departments responsible for implementing compliance with the new requirements or overseeing vendor compliance.
The CFPB’s debt collection rule, Regulation F, addresses the use of electronic communications (e.g., email, text messages, and social media), voicemail messages, and telephone call frequency. The rule also has provisions on disputes, record retention, and several other topics. The rule is a major development for all participants in the credit and accounts receivable marketplace and will have a direct impact on enforcement investigations, supervisory examinations, and litigation. Alex and Jonathan will cover the technical requirements and offer practical insights for operationalizing them and testing compliance.
Part I, on Thursday, October 21, we provided an overview of the rule, and covered the requirements relating to communicating with debtors.
Part II, on Thursday, October 28 at 11:00 a.m. – 12:00 p.m. ET, will cover the rule’s disclosure, validation, credit reporting, and record-keeping provisions.
Jonathan Pompan, Partner, Venable LLP
Alexandra Megaris, Partner, Venable LLP