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Volume 29 - Number 24

November 26, 2018

FDCPA Does Not Apply to Non-Judicial Foreclosures, CFPB Argues

Initiating non-judicial foreclosure is not a debt collection activity under the Fair Debt Collection Practices Act, the CFPB argued in a recent court filing in the U.S. Supreme Court. The court decision could have significant impact on the mortgage industry.

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Undecided, still assessing the situation.