CFPB Rule Says Tenants Can Hold Debt Collectors Accountable for Illegal Evictions

The Consumer Financial Protection Bureau (CFPB) recently issued an interim final rule requiring debt collectors to provide written notice to tenants of their rights under the CDC’s eviction moratorium and prohibits debt collectors from misrepresenting tenants’ eligibility for protection from eviction under the moratorium. The new rule goes into effect on May 3rd and lasts through the duration of the CDC’s moratorium, recently extended through June 30, 2021. The CFPB believes this will give debt collectors time to come into full compliance. However they said debt collectors may begin complying with the rule before the compliance date. Continue reading HERE...