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CFPB RIN: 3170-AA41 Publication ID: Fall 2021 
Title: 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 proposed, among other things, to 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 built on the Bureau’s research and pre-rulemaking activities regarding the debt collection market, including convening a panel in August 2016 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. The Bureau also engaged in testing of time-barred debt disclosures that were not addressed in the May 2019 proposed rule.  In early 2020, after completing the testing, the Bureau issued a supplemental NPRM related to time-barred debt disclosures.  In October 2020, the Bureau issued a final rule that focused primarily on debt collection communications and addressed a number of other topics, including imposing record retention requirements and prohibiting the sale or transfer of certain types of debt. In December 2020, the Bureau issued a final rule addressing disclosures related to the validation notice, requiring certain outreach by debt collectors before consumer reporting, and barring suits or threats of suit on time-barred debt. Both final rules are scheduled to take effect on November 30, 2021. In April 2021, in light of the continuation well into 2021 of the widespread societal disruption caused by the COVID-19 pandemic, the Bureau issued a NPRM to extend the effective date of both rules by 60 days.  After considering the comments received on the NPRM, the Bureau decided not to extend the effective date and published a Federal Register notice withdrawing that proposal in September 2021.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 12 CFR 1006   
Legal Authority: 15 U.S.C. 1692l(d)   
Legal Deadline:  None
Action Date FR Cite
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  08/04/2020 
Final Rule 1  11/30/2020  85 FR 76734   
Final Rule 2 - Disclosures  01/19/2021  86 FR 5766   
NPRM - Effective Date Extension  04/19/2021  86 FR 20334   
Effective Date Extension Withdrawn  09/01/2021  86 FR 48918   
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: Yes 
Agency Contact:
Kristin McPartland
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700