Debt Collection Practices (Regulation F)

Debt Collection Practices (Regulation F)
Subject: Debt collection
Agency: CFPB
Status: Supplemental proposed rule
The Bureau of Consumer Financial Protection (Bureau) proposes to amend 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. On May 21, 2019, the Bureau published in the Federal Register a proposed rule (May 2019 Proposed Rule) that would prescribe Federal rules governing the activities of debt collectors, as that term is defined in the FDCPA. This proposal supplements the May 2019 Proposed Rule by proposing to require debt collectors to make certain disclosures when collecting time-barred debts.
FR Doc: 2020-03838; 2020-06237 (comment period extended); 2020-10966 (comment period extended again)
Date proposed: Feb. 21, 2020
Comments due date:

Aug. 4, 2020

Final rule effective date:
Rule compliance date:
Agency release:

Related Reg Report item(s):

Citing pandemic, bureau extends comment period on ‘time-barred debt’ proposal

Debt collections on time-barred debt would be clarified under bureau proposal

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