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Register Today: What Banks Need to Know Regarding Debt Collection under the CFPB (WEBINAR)

January 11, 2017

In association with the North Carolina Bankers Association, Smith Debnam attorneys Jerry T. Myers and Caren D. Enloe will lead a webinar discussion Wednesday, February 1, 2017, on what banks of all sizes need to know regarding debt collection under the CFPB.

In recent years, the CFPB has made clear its intent to overhaul the debt collection industry, as well as its position that first party lenders, including banks, are also subject to debt collection regulation. Recent enforcement actions by both bank regulators and the CFPB have enforced this notion. Recently, the CFPB has moved a step closer to that goal by issuing its proposed debt collection rules for third parties and confirming that it will shortly release its proposal for regulating first party collections by banks and other lenders.  Are you prepared for the new world of debt collection? Are you collecting accounts in-house? Are you compliant with North Carolina’s debt collection statutes? Are you properly managing your third party debt collection vendors including law firms?

The webinar will cover the following:

  • The North Carolina statute which already regulates collection efforts by lenders, including banks;
  • Recent enforcement actions by bank regulators and the CFPB regarding debt collection and their effect on North Carolina banks and the sale of debt;
  • Regulators’ expectations as to vendor management and reverse vendor management with regard to debt collection;
  • The CFPB proposed debt collection rules for third parties and its impact on banks
  • What we can anticipate in the upcoming proposal for debt collection by banks

Now is your chance to get ahead of the curve. Don’t miss this important webinar.

Register today at https://www.ncbankers.org/event/debt-collection-concerns-for-banks-webinar/.

 

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