Manatt Financial Services Partner Brett Natarelli and Associate Madelaine Newcomb co-authored an article for Bloomberg Law on the debt collection practices and Consumer Financial Protection Bureau (CFPB) enforcement trends to look out for and the impact of a recent Eleventh Circuit decision. They also examined the increased scrutiny of pandemic-related debts. The authors explained that while federal and state regulators have historically focused on debt collection practices, recent news and trends—including new CFPB leadership, increased state regulatory powers, and COVID-19 pandemic enforcement developments—will make it harder for third-party debt collectors.
Bloomberg Law subscribers can read the full article here.