Debt Collection Practices (Regulation F)

Title: Debt Collection Practices (Regulation F)
Subject: Debt collection
Agency: CFPB
Status: Proposed rule
The Bureau of Consumer Financial Protection (Bureau) proposes to amend Regulation F, 12 CFR part 1006, 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’s proposal would amend Regulation F to prescribe Federal rules governing the activities of debt collectors, as that term is defined in the FDCPA. The Bureau’s proposal would, among other things, address communications in connection with debt collection; interpret and apply prohibitions on harassment or abuse, false or misleading representations, and unfair practices in debt collection; and clarify requirements for certain consumer-facing debt collection disclosures. Additionally, the Bureau proposes that the effective date of the final rule would be one year after the final rule is published in the Federal Register. The Bureau requests comment on this proposed effective date.
FR Doc: 2019-09665
2019-16476 (comment deadline extended)
Date proposed: May 7, 2019
Comments due date: Sept. 18, 2019 (extended from Aug. 19, 2019)
Final rule effective date:
Rule compliance date:
Agency release:
Related Reg Report item(s):

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

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