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Financial Services Law Insights and Observations

CFPB and FTC monitoring eviction practices

Federal Issues FTC CFPB CDC Covid-19 Evictions

Federal Issues

On March 29, CFPB acting Director Dave Uejio and FTC acting Chairwoman Rebecca Kelly Slaughter issued a joint statement indicating staff at both agencies will be monitoring and investigating eviction practices to ensure that they comply with the law. The statement follows the CDC’s March 28 announcement extending its current moratorium on residential evictions for three additional months, through June 30. Uejio and Slaughter noted that the agencies are coordinating with the CDC to ensure renters are informed of their rights under the eviction moratorium and understand how to complete declarations needed to stop evictions. Additionally, the agencies are monitoring consumer complaints for spikes and trends in potential Covid-19-related violations of the prohibitions against deceptive and unfair practices, including those under the FDCPA and the FTC Act.

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