FDCPA Changes Round 2:
12/18/2020 Final Rule on
Fair Debt Collection Practices Act

(90-minute webinar – recording also available)

Friday, February 26, 2021

This is a morning webinar

8:00 AM Pacific        9:00 AM Mountain

10:00 AM Central     11:00 AM Eastern

Take two!  The FDCPA’s makeover includes more changes that were released at the end of last year.  Round out your understanding of the final rule’s new definitions, required notices, restrictions, safe harbor notice, parameters for information furnished to credit reporting agencies, and more. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Understand how and when collectors must contact the consumer before furnishing debt information to a credit reporting agency
• Define the new terms added to the FDCPA – “time-barred debt” and “statute of limitations”
• Explain what qualifies as time-barred debt and how collectors must handle such debt
• Use the safe harbor model validation notice when required
• Take steps to maintain sufficient oversight of your debt collectors

WEBINAR DETAILS

On December 18, 2020, the CFPB issued its second set of final rules under the Fair Debt Collection Practices Act.  These new rules (and this webinar) will focus on three topics.

• First, the CFPB made major changes to the written validation notice that collectors must provide to consumers at the outset of debt collection communications. This notice now must include pre-prepared statements and prompts which the consumer may use to dispute the debt. This webinar will detail the information required in such notices and review the CFPB’s safe harbor model notice.

• Second, the new rules prohibit “passive collection” which entails furnishing information about the debt to a credit reporting agency before communicating with the consumer. Learn the steps collectors must take before reporting debt to a credit reporting agency.

• Third, the new rules impose restrictions on attempting to collect time-barred debt. Learn what is deemed to be time-barred debt and how to determine if the statute of limitations period has expired.  

WHO SHOULD ATTEND?

This informative session will benefit all loan officers, loan operations personnel, credit administration staff, collections staff, compliance officers, attorneys, managers, and others involved in the collections process. 

TAKE-AWAY TOOLKIT

• Executive summary of the December 2020 debt collection rule
• Safe harbor model validation notice
• Employee training log
• Interactive quiz 

DON’T MISS THESE RELATED WEBINARS!

2021 Collection Series

Major Changes to Fair Debt Collection Practices Act

Monday, December 14, 2020 

    MEET THE PRESENTER - Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

• Unlimited connections within your institution to the Live Webinar
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Presenter’s contact info for follow-up 

2. Recorded Webinar Includes

• Recording of the Live Webinar
• Available two business days following Live date
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Free Digital Download, yours to keep
• Share link with anyone at your institution
• Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE