CREATING FINANCIAL FLEXIBILITY ONE DEALER AT A TIME
HIGHLIGHTS OF UPDATED FDCPA GUIDANCE
Eyo Toe | April 12, 2021
The Fair Debt Collection Practices Act (FDCAP) is an over 600 page document discussing compliance regulations. During the LHPH virtual Summit, attorneys Ed Kaye and Sloan Schickler, partners at Schickler & Kaye, LLP, gave a great presentation summarizing the latest updates. In today’s world, there are many ways to communicate with your customer whether that be over the phone, text, email, or social media. There are very specific standards to how/when you can reach out to your customer. This infographic gives a visual representation of some of the many regulations discussed in the FDCPA.
Although this is a general guideline, make sure to always consult with your own counsel to be sure you are compliant with all state and federal regulations.