Fair Debt Collection: B.2.4 Debt Collection Practices (Regulation F); Time-Barred Debt
The CFPB issued an advisory opinion clarifying that entities that qualify as debt collectors under the FDCPA that bring or threaten to bring state court foreclosure actions on time-barred mortgage debt may violate Regulation F § 1006.26—even if the debt collector did not know that the debt was time barred. See 88 Fed. Reg. 26,475 (May 1, 2023).