Stay in compliance with debt collection regulations
To govern debt collectors’ activities, the Consumer Financial Protection Bureau recently enacted Regulation F of the Fair Debt Collection Practices Act (FDCPA). The Reassigned Numbers Database (RND) can help you stay in compliance.
If you contact a consumer about their debt, but the phone number has been reassigned, you could risk violating FDCPA section 805(b), which prohibits revealing debts to third parties. When you check the RND, you can confirm that the number has not been reassigned and will be protected for unintentional violations.
Lower pricing took effect April 27
It is now even more affordable to stay on the right side of the law with the RND. Take advantage of lower pricing to prevent unwanted calls, avoid legal exposure, and increase your efficiency as a debt collector.