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CFPB RIN: 3170-AA41 Publication ID: Fall 2016 
Title: Debt Collection Rule 
Abstract:

The Bureau is engaged in rulemaking activities regarding debt collection practices.  Debt collection continues to be the single largest source of complaints to the Federal government of any industry.  Building on the Bureau’s November 2013, Advance Notice of Proposed Rulemaking, the Bureau released materials in July 2016, in advance of convening a panel under the Small Business Regulatory Enforcement Fairness Act (SBREFA) in conjunction with the Office of Management and Budget and the Small Business Administration’s Chief Counsel for Advocacy to consult with small businesses that may be affected by the policy proposals under consideration.  This SBREFA process focuses on companies that are considered "debt collectors" under the Fair Debt Collection Practices Act; the Bureau expects to convene a separate SBREFA proceeding focusing on companies that collect their own debts in 2017.  The CFPB continues to analyze the results of a survey to obtain information from consumers about their experiences with debt collection and plans to publish a report in the coming months.

 
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  02/00/2017 
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
Washington, DC 20552
Phone:202 435-7700

David Hixson
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700