Description
Gain insight into collection trends that impact operations, financial services and electronic payments.The Consumer Financial Protection Bureau now argues its own structure to be unconstitutional while at the same time continues to file enforcement actions against bad actors and engages in rulemaking efforts for debt collection and short term lending. This topic will identify the trending issues in collections focusing on recent developments and cases that impact operations, financial services and electronic payments. It will cover the most recent cases under the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Telephone Consumer Protection Act, the Electronic Funds Transfer Act and the ESign Act. Learn about the best practices for compliance in today’s market to minimize risk and litigation.
Date: 2019-12-19 Start Time: End Time:
Learning Objectives
Current State of the CFPB
• Supreme Court to Review Its Structure • but Still Filing Enforcement Actions
• Impact of the Proposed Debt Collection Rules
• Status of the Payday Lending Rule
FDCPA • New Developments
• Emailing the Initial Demand Notice
• Itemizing a Debt
FCRA
• Providing the Stand Alone Disclosure
• Sending Proper Compliance Codes
• CDIA Guidance
E-Sign and the Electronic Funds Transfer Act
• Proving a Consumer Can Communicate in the Specific Medium (Email/Text)
• Setting up Electronic Payments
• Proposed Amendments to E-Sign
TCPA • What Is an ATDS Now
• Marks v. Crunch Cases • Devices That Store Numbers to Be Called Whether or Not They Are Generated by a Random or Sequential Number Generator
• Cases That Disagree • Requiring Random or Sequential Number Generation
• Practices to Mitigate TCPA Risk
CCPA • Are You Exempt
• Requirements of the Law
• GLBA Exemption
• Steps You Should Be Taking Now to Prepare
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Kelly Knepper-Stephens-TrueAccord, Ethan G. Ostroff – Troutman Pepper Hamilton Sanders, LLP
