Vicarious Liability in Collections

Learn how to protect yourself from vicarious liability under the Fair Debt Collection Practices Act.

Learn how to protect yourself from vicarious liability under the Fair Debt Collection Practices Act. The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), state attorney generals and consumer attorneys have become increasingly active in challenging the collection practices utilized by creditors and debt collectors. As a result, issues of vicarious liability are now a central concern to all participants in the collection process, including creditors, collection agencies, collection lawyers and collection industry service providers. In this topic, two industry experts will discuss principles of vicarious liability and recent trends in collection industry litigation that can significantly impact your clients and your practice.