CFPB targets debt collectors in bid to protect renters

Source: Katy O'Donnell, Politico (Paid Registration)

The Consumer Financial Protection Bureau (CFPB) on Monday unveiled a rule cracking down on debt collectors to stop them from forcing renters from their homes during a nationwide eviction ban, as millions of Americans struggle with bills amid the pandemic.

The new rule requires debt collectors to notify tenants of their rights under the Centers for Disease Control and Prevention’s moratorium on evictions for nonpayment of rent. The CFPB warned that debt collectors who evict tenants could face prosecution. The agency is issuing the new rule under the Fair Debt Collection Practices Act.

Read Full Article: CFPB targets debt collectors in bid to protect renters

 

Tags/Keywords

 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

Housing Menu

Help Desk

Advocacy