Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt
AI Summary
• Debt collectors must avoid false, deceptive, or misleading representations when collecting medical debts.
• The Fair Debt Collection Practices Act and Regulation F prohibit unfair or unconscious means in debt collection.
Texas Relevance
The article specifically mentions credit unions and applies to them, making it relevant for Texas CUs.
Original Content
The CFPB is issuing this advisory opinion to remind debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Regulation F’s prohibitions on false, deceptive, or misleading representations or means in connection with the collection of any medical debt and unfair or unconscionable means to collect or attempt to collect any medical debts.