On September 6, the CFPB Monitor reported that the CFPB and FTC filed amicus brief in a Seventh Circuit case, Delgado v. Capital Management Services, LP, arguing that a debt collector's offer to settle credit card debt violated the Fair Debt Collection Practices Act (FDCPA) because it did not disclose that the debt was time-barred. Notably, the FDCPA does not explicitly require such disclosure.
Read the brief here.
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