CFPB Enforcement of FDCPA Against First Party Collectors: What You Need to Know
By James J. Todd, Attorney The Consumer Financial Protection Bureau (CFPB) arose out of the national foreclosure crisis in July 2010 by way of the Dodd–Frank Wall Street Reform and Consumer Protection Act (the “Act”).[1] The Act established the CFPB as a subsidiary agency of the Federal Reserve, and the associated regulations provided the CFPB…