The Safe Harbor Debt Collection Law Update by Aylix Jensen
April 2022
This monthly newsletter provides an update of changes and developments in the law that impact the debt collection industry. It highlights new debt collection laws and practices, discusses what these may mean for the collection industry, and provides tips to ensure compliance. 
Aylix K. Jensen
Aylix K. Jensen is a member of Moss & Barnett's financial services team. She practices in the areas of compliance and litigation related to the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Telephone Consumer Protection Act, as well as other related state and federal law and regulations.

Aylix K. Jensen
After refusal from their tenants to pay a newly increased rental rate, landlords in Queens, New York, posted two banners on the building that read in bold, black font, "MY TENANTS ON THE FIRST FLOOR ARE NOT PAYING RENT." The collection problems began in July 2120, when the landlords raised the rent on the three-bedroom home from $1,800 to $1,900 per month due to financial strain from the pandemic.  MORE >
Arizona Senate Bill 1394 goes into effect on August 11, 2022. S.B. 1394, or Arizona Statute § 6-117, streamlines dated licensing requirements for businesses that are presently required to obtain separate licenses for assumed business names or tradenames. The bill will remove the requirement for an enterprise or consumer lender to separately license trade names and will allow licensees to operate with additional trade names under a single license. This will save licensees time and money by connecting additional trade names to a single license name without having to spend money on multiple licenses. The statute merely requires that the enterprise or consumer lender notifies the department in writing, on a form prescribed by the director, before using the assumed name or trade name. MORE >
On March 24, 2022, Utah became the fourth state, behind California, Colorado, and Virginia, to enact a consumer data privacy law, the Utah Consumer Privacy Act (the “UCPA”). The UCPA moved from introduction to enrollment in less than a month and becomes effective on December 31, 2023. MORE >
On March 16, 2022, the CFPB announced that it intends to target discrimination as an “unfair practice” pursuant to its unfair, deceptive, and abusive acts or practices (“UDAAP”) authority. Specifically, the CFPB announced that it will closely examine financial institutions’ decision-making in advertising, pricing, and other areas to ensure that companies are appropriately testing for and eliminating illegal discrimination. The CFPB published an updated examination manual for evaluating UDAAPs, which notes that discrimination may meet the criteria for “unfairness” by causing substantial harm to consumers that they cannot reasonably avoid, where that harm is not outweighed by countervailing benefits to consumers or competition. MORE >
Disclaimer: This newsletter does not create an attorney-client relationship between Moss & Barnett, A Professional Association, or attorney Aylix K. Jensen and any reader. Please remember that we can only provide general information and every case is unique. Always check with your individual attorney for any specific legal concerns.
The Safe Harbor Debt Collection Law Update by Aylix Jensen
Minneapolis, MN
Phone: (612) 877-5000
150 South Fifth Street
Suite 1200
Minneapolis, MN 55402
St. Cloud, MN
Phone: (320) 654-4100
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St. Cloud, MN 56303