Professional’s in-house experts put their heads together to provide a simple guide for creditors on the nuances of the CFPB’s Regulation F, the new rules impacting the FDCPA that go into effect on November 30th. The white paper, “Regulation F: A Simple Overview for Compliance,” defines the new rules, how they changed the FDCPA, what creditors need to do to remain compliant, and how.
Topics Covered:
- What is Regulation F?
- What is changing?
- Itemization dates
- Model validation notices
- Communication Preferences
- Contact limitations
- Credit Reporting
- What your collection partners need from you
Some of the most impactful portions of Regulation F are explained within the framework of this new whitepaper. Creditors will be especially interested in new data requirements, or “itemization dates,” and the exciting way the new rules allow for communication through modern channels such as text messages and email— a practice that will not only create a better consumer experience but also more effective recovery.
Access our new white paper: “Regulation F: A Simple Overview for Compliance”
If you are a client having difficulty understanding aspects of Regulation F or require assistance in choosing and implementing new data-gathering strategies, please do not hesitate to reach out to us — we are here to help! Contact client Success at custsvc@professionalcredit.com