Corporate Compliance

It’s crucial that companies and employees follow laws, regulations, standards, and ethical practices lest companies become vulnerable to fines and lawsuits.

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Corporate Compliance News & Information

ABA supports legislation exempting lawyers’ litigation activities under FDCPA and CFPB Oversight

The ABA is supporting legislation that would restore traditional state court regulation and oversight of creditor lawyers who file legal actions to collect debts owed to their clients. H.R. 1849, known as the “Practice of Law Technical Clarification Act of 2017,” would exempt creditor lawyers engaged in litigation activities from the Fair Debt Collection Practices Act (FDCPA) and from Consumer Financial Protection Bureau (CFPB) regulatory jurisdiction under the Dodd-Frank Act.