United States: CFPB Adopts Strict Liability Standard For Debt Collectors Who Sue Or Threaten Suit Over Time-Barred Debt - Montgomery McCracken Walker & Rhoads LLP

On January 19, 2021, the Consumer Financial Protection Bureau (CFPB) published its final debt collection rules in the Federal Register, including 12 C.F.R. § 1006.26(b), which prohibits...