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CFPB targets debt collectors to protect tenants

The Bureau of Consumer Financial Protection on Monday unveiled a rule cracking down on debt collectors to prevent them from forcing tenants out of their homes amid a nationwide eviction ban, as millions of Americans are in court. stuck with bills in the midst of the pandemic.

The new rule requires debt collectors to inform tenants of their rights under the Centers for Disease Control and Prevention’s moratorium on evictions for non-payment of rent. The CFPB has warned that debt collectors who evict tenants could face prosecution. The agency publishes the new rule under the Fair Debt Collection Practices Act.

“Throwing families onto the streets during this pandemic can literally be a death sentence,” CFPB acting director Dave Uejio said in a statement. “No one should be evicted from their home without understanding their rights, and we will hold debt collectors accountable for unlawful evictions. We encourage debt collectors to work with tenants and landlords to find solutions that work for everyone. “

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