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CFPB RIN: 3170-AA41 Publication ID: Spring 2015 
Title: Debt Collection Rule 
Abstract:

The Federal government for many years has received more consumer complaints about debt collectors than about any other single industry. The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from engaging in unfair, deceptive, abusive, and other unlawful collection practices, but no Federal agency was vested with authority to issue general implementing regulations prior to the creation of the CFPB. The CFPB is considering whether rules governing the collection of debts are warranted under the FDCPA or other CFPB authorities, and, if so, what types of rules would be appropriate. Rulemaking might include disclosures or address acts or practices in connection with debt collection activities. In November 2013, the CFPB issued an advance notice of proposed rulemaking seeking comment, data, and information from the public about debt collection practices and in January 2014, the CFPB extended the comment period to February 28, 2014. The Bureau is obtaining responses to a survey seeking information from consumers about their experiences with debt collectors, and is engaged in qualitative testing to determine what information would be useful for consumers to have about debt collection and how that information should be provided to them.

 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Prerule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  11/12/2013  78 FR 67847   
Comment Period Extended  01/14/2014  79 FR 2384   
ANPRM Comment Period End  02/28/2014 
Prerule Activities  12/00/2015 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Kristin McPartland
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700