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CFPB Annual Report on FDCPA Activities (2024)

The CFPB's latest report highlights a concerning trend in the financialization of medical and rental debt, where financial products are increasingly integrated into essential services. This shift is causing significant consumer challenges, from aggressive collection tactics in healthcare to inflated fees in the rental market. With enforcement actions and new policy initiatives, the CFPB aims to protect consumers facing these debt collection challenges. Learn about the complexities and ongoing efforts to address this issue in the medical and rental debt sectors.

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Key Announcements and Deadlines

Stay ahead of regulatory changes with Burt and Associates. With the Department of Financial Protection and Innovation (DFPI) enforcing stricter compliance rules in California, it's crucial to update your business processes. From ensuring a compliant, generic email for communications to meeting the upcoming fingerprint and background check deadline, these updates are essential to maintaining your operational licenses. Let Burt and Associates guide you through these changes, ensuring your business stays on track while optimizing debt collection processes.

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