Regulatory Agencies Ramp Up Monitoring and Investigation of Eviction Actions
Two federal agencies have announced that they will increase their monitoring and investigation of eviction practices. The acting directors of the Consumer Financial Protection Bureau and Federal Trade Commission released a statement that said in part:
“Staff at both agencies will be monitoring and investigating eviction practices, particularly by major multistate landlords, eviction management services, and private equity firms, (emphasis added) to ensure that they are complying with the law. Evicting tenants in violation of the CDC, state, or local moratoria, or evicting or threatening to evict them without apprising them of their legal rights under such moratoria, may violate prohibitions against deceptive and unfair practices, including under the Fair Debt Collection Practices Act and the Federal Trade Commission Act. We will not tolerate illegal practices that displace families and expose them—and by extension all of us—to grave health risks.”
You can read the full statement here.