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FDCPA = UDAAP

Question: 
How will the new FDCPA rules impact first-person collections?
Answer: 

There are references in the rule to what is unfair or deceptive. Therefore, violating the FDCPA reg can be similar to violating UDAAP, and first-person collectors, such as banks, are subject to that.
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Learn more about Andy and John’s webinar The FDCPA Proposal – Why you Can’t Ignore it!

First published on 08/11/2019

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