FTC’s Koegel Sends a Message to Creditors: Don’t Dismiss the FDCPA

Today the Federal Trade Commission published the following blog post by Christopher Koegel, Assistant Director, FTC Division of Financial Practices. I thought it was worth re-posting verbatim.

As the Consumer Financial Protection Bureau contemplates debt collection rulemaking, they are no doubt being influenced by the actions and opinions of other regulators. The CFPB has already signaled its intent to hold first party collectors responsible for some of the same rules as third party collectors. This may be yet another sign of things to come as rules are written.

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