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United States: The CFPB debt collection regulations will come into force on November 30

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The CFPB has published in the Federal Register the withdrawal of an April 2021 rule proposal that would have delayed the effective date of two final rules on debt collection communications under the Fair Debt Collection Practices Act . The date of entry into force of two final rules remains November 30, 2021.

The first rule, adopted in October 2020, clarifies the prohibitions on misrepresentation, harassment and abuse, and unfair debt collection practices. The second rule, adopted in December 2020, clarifies disclosure obligations for debt collectors at the start of collection communications, as well as prohibited predatory activities.

As previously reported, the CFPB said the proposed deadline was intended to allow additional time to implement the rules in light of the COVID-19 pandemic, but industry commentators generally said they would be ready to comply by November 30, 2021.

Primary sources

  1. Federal Register: Debt Collection Practices (Regulation F); Withdrawal of the proposal to delay the effective date

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