3170-AA41 202004 Unified Agenda of Federal Regulatory and Deregulatory Actions 3170 Consumer Financial Protection Bureau CFPB Debt Collection Rule

In May 2019, the Bureau issued a Notice of Proposed Rulemaking (NPRM), which would prescribe rules under Regulation F to govern the activities of debt collectors, as that term is defined under the Fair Debt Collection Practices Act (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.  The proposal builds on the Bureau’s research and pre-rulemaking activities regarding the debt collection market; the conduct of debt collectors remains a top source of complaints to the Bureau.  The Bureau expects to take final action in October 2020 with regard to the May 2019 NPRM.  The Bureau has also engaged in testing of time-barred debt disclosures that were not addressed in the May 2019 proposal.  In February 2020, after completing the testing, the Bureau issued a supplemental NPRM related to time-barred debt disclosures.

]]> Other Significant Previously Published in The Unified Agenda Proposed Rule Stage Undetermined No Independent agency 12 CFR 1006 15 U.S.C. 1692l(d) No ANPRM 11/12/2013 78 FR 67847 ANPRM Comment Period Extended 01/14/2014 79 FR 2384 ANPRM Comment Period End 02/10/2014 ANPRM Comment Period Extended End 02/28/2014 Pre-Rule Activity--SBREFA Outline 07/28/2016 NPRM 05/21/2019 84 FR 23274 NPRM Comment Period Extended 08/02/2019 84 FR 37806 NPRM Comment Period End 08/19/2019 NPRM Comment Period Extended End 09/18/2019 Supplemental NPRM 03/03/2020 85 FR 12672 Supplemental NPRM Comment Period Extended 03/27/2020 85 FR 17299 Supplemental NPRM Comment Period Extended End 06/05/2020 Final Rule 10/00/2020 Yes Businesses Undetermined No https://www.consumerfinance.gov/policy-compliance/rulemaking/rules-under-development/ Yes No Kristin McPartland Office of Regulations 3170 Consumer Financial Protection Bureau CFPB 202 435-7700 Washington DC 20552