Collection of Consumer Loans, Indiana CLE 1.1

Gain a better understanding of the FDPCA, its applicability and requirements, and liability for noncompliance with this law. The Fair Debt Collection Practices Act (FDCPA) was enacted in 1978. The purpose of the FDCPA is to eliminate abusive, deceptive, and unfair debt collection practices. The FDCPA also protects reputable debt collectors from unfair competition and encourages consistent state action to protect consumers from abuses in debt collection. The DoddFrank Act granted rulemaking authority under the FDCPA to the Consumer Financial Protection Bureau (CFPB) and granted authority to the CFPB to supervise for and enforce compliance with the FDCPA. This course will review the FDCPA and its applicability to the collection of consumer loans, as well as its key components, an overview of the interplay of the FDCPA and state law, and an overview of state laws on collection practices. Gain insight into the contours of the FDPCA, its applicability and requirements, and liability for noncompliance with this law, as well as the interplay of this federal law with state laws.