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CFPB and FTC Send Notification Letters to Nation’s Largest Landlords on Compliance with Federal Eviction Protections

Cover picture for the articleThe Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) sent notification letters on May 3 to the nation’s largest apartment landlords, which collectively own more than 2 million rental units, about their obligations under the CFPB’s interim final rule establishing new notice requirements for evictions under the Fair Debt Collection Practices Act (FDCPA). CFPB’s interim final rule, which took effect May 3, requires debt collectors to provide written notice to tenants who may have rights under the federal eviction moratorium issued by the Centers for Disease Control and Prevention (CDC) and prohibits them from misrepresenting tenants’ eligibility for protection under the moratorium (see Memo, 4/26).