Fair Debt Collection Practices Act (Regulation F) Final Rule

On October 30, 2020, the Consumer Financial Protection Bureau (CFPB) issued a final rule to restate and clarify prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors when collecting consumer debt. The rule focuses on debt collection communications and gives consumers more control over how often and through what means debt collectors can communicate … Read More

October’s Regulatory Recap

October’s Regulatory Recap is now available here.  Let us know if we can help in any way.   Please be advised that CSG provides financial services compliance audit and consulting services to our clients.  The services that we provide include certain tasks that may be characterized as “law-related services” under Rule 5.7 of the Rules of Professional Conduct governing lawyers.  Since some … Read More

Sound Practices to Strengthen Operational Resilience

The Federal Reserve, Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) issued an interagency paper, Sound Practices to Strengthen Operational Resilience, which describes sound practices drawn from existing regulations and guidance for individual national banks, state member banks, state nonmember banks, savings associations, U.S. bank holding companies, and savings and loan holding companies … Read More