#AceNewsReport – Mar.30: According to a recent CFPB report, the pandemic has left more than 8.8 million consumers behind on their rent. Tenants at risk of homelessness are disproportionately people of color, primarily Black and Hispanic families. Federal, state, and local governments, including the CDC, have put temporary holds on evictions for non-payment of rent – a measure proven to help stop the spread of #COVID19.
A word to landlords who may be receiving CDC-issued forms from your tenants: The FTC has more information about that process, including links to sample declarations’ If you work in the housing sector, you’ll want to read a joint statement from FTC Acting Chair Slaughter and CFPB Acting Director Uejio on that subject.
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By: Lesley Fair | Mar 29, 2021 11:23AM
For businesses, the important message from Acting Chair Slaughter and Acting Director Uejio is that staff at the FTC and CFPB will be monitoring eviction practices – particularly by major multistate landlords, eviction management services, and private equity firms – to ensure companies are complying with the law, including the Fair Debt Collection Practices Act and prohibitions against unfair or deceptive practices. Companies shouldn’t evict tenants (or threaten to evict them) in violation of the CDC, state, or local moratoriums. Honoring those standards is an important step toward protecting consumers and public health.
The FTC has additional tips for consumers and small businesses about weathering the financial impact of COVID-19.
#AceNewsDesk report ………Published: Mar.30: 2021:
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