Debt Collection Practices (Regulation F); communications

June 19, 2019 CFPB, Regulation lookup 0

Title: Debt Collection Practices (Regulation F); delay of effective date
Subject: Debt collection
Agency: CFPB
Status: Proposed rule
Summary:
The Bureau of Consumer Financial Protection (Bureau) is issuing this final rule to revise Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA) and currently contains the procedures for State application for exemption from the provisions of the FDCPA. The Bureau is finalizing Federal rules governing the activities of debt collectors, as that term is defined in the FDCPA. The Bureau’s final rule addresses, among other things, communications in connection with debt collection and prohibitions on harassment or abuse, false or misleading representations, and unfair practices in debt collection.
NEW, April 2021: In 2020, the Bureau of Consumer Financial Protection (Bureau) finalized two rules titled Debt Collection Practices (Regulation F). The rules revise Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA). Both final rules have an effective date of November 30, 2021. The Bureau is proposing to extend that effective date by 60 days, until January 29, 2022.
FR Doc: 2020-24463

2021-07505 – proposed delayed effective date
Date proposed:
Comments due date: May 19, 2021
Final rule effective date: Nov. 30, 2021
Rule compliance date:
Agency release:
Related Reg Report item(s):

Proposed debt collection rule allows up to seven phone contacts a week with consumers