Regulatory Alerts2022-12-15
Added · Updated
CA 22-9: Revised Federal Debt Collection Practices Act Examination Procedures
The Board of Governors of the Federal Reserve System issued this letter to update examination procedures for the Fair Debt Collection Practices Act and Regulation F for all supervised institutions. The revised procedures incorporate amendments to Regulation F published by the Consumer Financial Protection Bureau in 2020 and 2021, which address debt collection communications, harassment prohibitions, and validation notice requirements. Reserve Banks are directed to distribute this guidance to supervised institutions and supervisory staff to ensure compliance with these updated regulatory standards.
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