Home / Daily Dose / CFPB Reviews Time-Barred Debt Collection Sign up for DS News Daily Subscribe Share Save in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago February 25, 2020 2,259 Views Related Articles Print This Post Tagged with: CFPB Debt Collection Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Consumer Financial Protection Bureau (CFPB) has issued a Supplemental Notice of Proposed Rulemaking (Supplemental NPRM) regarding the collection of time-barred debt, prohibiting collectors from using non-litigation means (such as calls) to collect on time-barred debt unless collectors disclose to consumers during the initial contact and on any required validation notice that the debt is time-barred.In May 2019, the CFPB published a proposal (May 2019 NPRM) to implement the Fair Debt Collection Practices Act (FDCPA). The May 2019 NPRM would provide consumers with clear protections against harassment by debt collectors and straightforward options to address or dispute debts; set clear, bright-line limits on the number of calls debt collectors may place to reach consumers on a weekly basis; clarify how collectors may communicate lawfully using newer technologies, such as voicemails, emails and text messages, that have developed since the FDCPA’s passage in 1977; and require collectors to provide additional information to consumers to help them identify debts and respond to collection attempts.The May 2019 NPRM also proposed to prohibit debt collectors from suing or threatening to sue on debts they know or should know are time barred. The Bureau included the “know or should know” standard in its proposal recognizing the concern that, in some instances, debt collectors may be genuinely uncertain whether the statute of limitations has expired even after undertaking a reasonable investigation. The Bureau received over 14,000 public comments on the May 2019 NPRM. A large number of comments addressed time-barred debt, including the proposed “know or should know” standard. The Bureau is analyzing those comments as part of the process of taking final action on the May 2019 NPRM. Given that the analysis is ongoing, the supplemental NPRM also proposes that standard.The Supplemental NPRM proposes model language and forms that debt collectors could use to comply with the proposed disclosure requirements. As with the May 2019 NPRM, the Supplemental NPRM also proposes to require disclosures only if a debt collector knows or should know that the debt is time barred to address debt collector liability if there was too much uncertainty as to whether a debt was time-barred. The public is invited to submit written comments on the proposed rule, including on the proposed knowledge standard. The Bureau will carefully consider all comments received before a final regulation is issued. Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Foreclosure Increases Expected in 2020 Next: The Move to Single-Family Built-For-Rent CFPB Debt Collection 2020-02-25 Seth Welborn The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn CFPB Reviews Time-Barred Debt Collection
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York TIMOTHY’S PICKLONG ISLAND ODDITIES: CURIOUS LOCALES, UNUSUAL OCCURRENCES AND UNLIKELY URBAN ADVENTURES BY JOHN & LAURA LEITAIf you were born and raised on Long Island, you know that it’s a strange, strange place. Growing up here, you sort of just accept it as such and go about your daily ways. Perhaps in elementary school you learn about the Big Duck and Big Indian Chief. Maybe in middle school you begin to hear stories about Mount Misery and the Massapequa Hell House. By high school you’re making treks out to the Amityville Horror House, King’s Park Psych Center, Pilgrim State and Montauk, smoking cigarettes while snooping around the giant radar tower and cemented-over bunkers where the abductions, mind-control and time-travel experiments took place. By college you know all about Lake Ronkonkoma, the Fire Island Lighthouse and Bellmore Pool Hall. Recently published, this book does a decent job chronicling the trip down memory lane. They left out the chapter about the reptilian-oids, though. Now that’s truly odd.CHRIS’ PICKTHE CLASH HITS BACK & SOUND SYSTEM (LEGACY RECORDINGS)I don’t care if you’re into rock, reggae, hip-hop, blues, jazz or salsa, this is the Holy Grail of greatest hits and box sets and it will make you and your loved ones that much better human beings. The two-disc Hits Back drops Sept. 9 and replicates the set played at the Brixton Fair Deal (now the Academy) on July 19, 1982, along with crushing numbers that failed to make the gig. Designed by bassist Paul Simonon and invading Sept. 10, 80s boombox-shaped Sound System not only includes newly re-mastered versions of all five Clash LPs—1977’s The Clash, 1978’s Give ‘Em Enough Rope, 1979’s London Calling, 1980’s Sandinista! and 1982’s Combat Rock (!!!)—but three discs of singles, demos, B-sides and rarities, a DVD with all of the band’s videos, including unseen footage, reprints, a new issue of The Only Band That Matters’ fanzine Armagideon Times, a poster, stickers, dog tags, badges and a giant cigarette, among other memorabilia. No armadillos though, unfortunately.SPENCER’S PICKAN ORGANIC HOME-GROWN TOMATOOur juicy “fruit” of summer: A big red tomato picked from the good Earth at the Robert M. Kubecka Memorial Organic Garden, a 17-acre piece of paradise located just near the intersection of Dunlop and Greenlawn roads that is prime property for the Town of Huntington’s Organic Garden Program. This was our first season. There’s a waiting list to get one of the 20 by 30 feet plots, which rent for $25 a year, but the manure is free and so is the mulch. And the value of harvesting something fresh that has a little bit of your self in every bite is priceless. Because you know—and the blisters on your hands bear mute witness—that you were out there in the hot sun and the rain, tearing up the weeds, fighting the insects to a draw and trying to get an edge on the unknown forces that always threaten to shape the destiny of your produce before it reaches your kitchen counter.RASHED’S PICKBRAGG ORGANIC RAW – UNFILTERED APPLE CIDER VINEGARUnpasteurized and naturally gluten-free, this health heal-all elixir is replete with the amazing “Mother” of vinegar—that thick gooey slick settling at the bottom of the bottle—strand-like chains of protein enzyme molecules that your body needs oh–so-badly. Swig it straight from the bottle, toss it back in a shot glass, or slather it atop some Greek food, apple cider vinegar has been imbibed for thousands of years for its health benefits and pseudo-magical medicinal qualities. These include relieving inflammation, helping the immune and digestive systems, skin, hair and muscles, among so many others. At less than $8 for a 32-oz. jug (this one was purchased at Organic Corner in Massapequa), you simply can’t go wrong. Buy this and drink it! Thank me later, friends.
Facebook Twitter Google+ Follow along with beat writer Jon Mettus as Syracuse (1-1, 0-1 Atlantic Coast) takes on South Florida (2-0) in the Carrier Dome. Comments Published on September 17, 2016 at 3:24 pm Contact Jon: [email protected] | @jmettus