The agency says the updated rule, proposed last year and enacted this week, will clarify part of the Fair Debt Collection Practices Act, which governs the way agents may reach the indebted in order to collect.
"The FDCPA’s definition of communication includes newer electronic media, such as email, text messaging and social media,"However, the final rule includes strict guidelines governing how a debt collector can reach out on platforms like Facebook, Instagram and Twitter. First, their message must be private — none of your Facebook or Instagram friends should be able to see it, that agency said.
Second, they have to tell you who they are: “If a debt collector attempts to send you a private message requesting to add you as a friend or contact, the debt collector must identify themself as a debt collector,” CFPBThe debt collector's message must include a way to opt-out of receiving additional messages on electronic media, like an email, text or social media direct message,The rule clarifies that before a collector can report a defaulted debt to a credit rating agency, they must...
The CFPB wrote that the change"clarifies how debt collectors can communicate with you, including what information they’re required to provide at the outset of collection about the debt, your rights in debt collection and how you can exercise those rights."
The Consumer Financial Protection Bureau doesn’t really seem to give a shit about consumers.
Me reading their messages before I block them.👏🏽🤣
How do they know they're reaching the right person? When I changed my number a while back I was getting all types of calls from the last dude. IDK what he had going on...but uhm, yeah, no.
Ewww. Don’t like this.
That’s why you should only bank with Wu-Financial…..
Never use your legal name on any social media.
wow I feel so protected!
headline is misleading here
WHAT. THE. FUCK.
“Consumer Financial Protection Bureau has ruled” Doesn’t seem like they are protecting the consumer’s interests. Instead they are protecting the interest of the corporations.
They can also be instantly blocked
I wouldn’t mind defunding this agency… they’re some haters 😂😂
It will be in writing, 'wrong person, wrong number'
i will be replying with pictures of my asshole
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