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FTC Opinion Eases Attorney Concerns.
Washington -- The Federal Trade Commission has made public a rare advisory opinion on the Fair Debt Collection Practices Act in response to three specific questions presented by USFN, a national network of attorneys and trustee companies representing creditors in mortgage banking default services.
The questions relate to communication with homeowners regarding settlement options in connection with foreclosure proceedings.
The FTC opinion concludes that debt collectors do not violate the FDCPA when they provide settlement options to consumers who may be subject to foreclosure actions.
"This is an important result for USFN members, the ...
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Source: HighBeam Research, FTC Opinion Eases Attorney Concerns.