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Regulatory Oversight Debt Collection New Regulations

Sheppard Mullin Richter & Hampton LLP

DFPI Finalizes Debt Collection Licensing Regulations, Effective July 1

On March 4, the California DFPI finalized regulations under the Debt Collection Licensing Act (DCLA). The final regulations, which take effect July 1, 2025, clarify key licensing and reporting requirements....more

Ballard Spahr LLP

New York City Department of Consumer Affairs extends enforcement grace period on its new limited English proficiency debt...

Ballard Spahr LLP on

As discussed in our June 12th and August 7th posts, The New York City Department of Consumer Affairs (“DCA”) issued new debt collection rules related to limited English proficiency servicing, which took effect June 27, 2020....more

Ballard Spahr LLP

Industry Trade Groups Send Letter To NYC DCA Proposing FAQs And Related Extension Of Effective Date Of Debt Collection Language...

Ballard Spahr LLP on

Several industry trade groups have sent a letter to the New York City Department of Consumer Affairs (DCA) in which they set forth proposed FAQs to assist compliance with the new requirements relating to consumers’ language...more

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