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) is issuing this final rule to revise Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA). The final rule governs certain activities by debt collectors, as that term is defined in the FDCPA. Among other things, the final rule clarifies the information that a debt collector must provide to a consumer at the outset of debt collection communications, prohibits debt collectors from bringing or threatening to bring a legal action against a consumer to collect a time-barred debt, and requires debt collectors to take certain actions before furnishing information about a consumer’s debt to a consumer reporting agency.
FR Doc: 2020-28422
Date proposed: Feb. 21, 2020
Comments due date:

Aug. 4, 2020

Final rule effective date: Nov. 20, 2021
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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