Third-party debt collectors, first-party creditors, and debt buyers face an ever-evolving federal and state regulatory landscape as well as ongoing private litigation. We first look at the impact of the CFPB’s most recent rulemaking agenda on debt collectors. We then discuss compliance and licensing issues under District of Columbia, California, Utah, and New York debt collection laws and the Wyoming “debt buyer” licensing requirement. We conclude with a discussion of 2022 debt collection litigation statistics and state law developments related to the collection of student loans, including the California Student Loan Collections Reform Act.

Alan Kaplinsky, Senior Counsel in Ballard Spahr’s Consumer Financial Services Group, hosts the conversation joined by Lisa Lanham and John Culhane, partners in the Group, and Abigail Pressler, Of Counsel in the Group.