Comments due: CFPB (proposed rule; debt collection rules delay of effective date)
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.
Reg lookup: Debt Collection Practices (Regulation F) – disclosures
Reg lookup: Debt Collection Practices (Regulation F) – communications