Regulation F, 12 CFR part 1006 (“Regulation F”) refers to a specific set of regulatory requirements issued by the federal Consumer Financial Protection Board (CPFB) as required under the Fair Debt Collection Practice Act (FDCPA).
In late 2020, CFPB issued a final rule revising Regulation F. Among other things, the final rule outlines required communications by debt collectors; information they must provide to consumers placed into debt collection; and actions that they must take before furnishing information about an individual’s debt to a consumer reporting agency (such as EQIFAX).
For additional questions regarding Regulation F, how it could impact your practice, and how NextGen Healthcare can help, please review this FAQ from NextGen Healthcare to learn more.