Tag Archives: Debt Collection Rule

If there was any lingering doubt among the minds of anyone in the accounts receivable management industry that the Consumer Financial Protection Bureau was not going to put Regulation F into effect on November 30 — those doubts can be put to rest. The CFPB has taken the official step …

While the debate over when Regulation F is going to go into effect may be over for now, the announcement from the Consumer Financial Protection Bureau may have just been the closing of one chapter and the opening of another in the saga over regulating debt collection in the United …

A petition has been submitted to the Consumer Financial Protection Bureau — allegedly signed by 177,000 people — urging the regulator to rescind Regulation F, its debt collection rule. The petition was submitted by Consumer Reports, the advocacy organization, as part of the comment process to the CFPB’s proposal to …

Mortgage bankers don’t think a 60-day delay of the effective date of Regulation F is long enough for mortgage servicers to be ready to comply with the provisions of the Consumer Financial Protection Bureau’s debt collection rule, and are calling on the regulator to delay the rule’s implementation for six …

A number of industry participants, as well as a group of consumer advocacy organizations have filed their comments on the Consumer Financial Protection Bureau’s proposal to delay the effective date of Regulation F by 60 days, pushing it out to January 29, 2022. And while the advocacy groups used their …

RMA International sees no reason the effective date of Regulation F — the Consumer Financial Protection Bureau’s debt collection rule — needs to be delayed for 60 days as proposed by the regulatory, because its members will be ready to comply with the rule on November 30, as originally proposed. …

ACA International has submitted its comment to a proposal from the Consumer Financial Protection Bureau to delay the enactment of Regulation F, its debt collection rule, arguing that postponing the effective date of the rule for 60 days — to January 29, 2022 — would not likely “have a meaningful …

One of the first things that most collectors and debt buyers do after receiving a new account or portfolio of accounts is make sure that none of the individuals have filed for bankruptcy protection. Section 1006.30 of Regulation F, more commonly known as the Consumer Financial Protection Bureau’s Debt Collection …

The 30-day comment period on the Consumer Financial Protection Bureau’s proposal to delay the effective date of Regulation F, its Debt Collection Rule, is now open, after the Notice of Proposed Rulemaking was published today in the Federal Register. Comments on the NPRM to delay the implementation of Regulation F …

LAS VEGAS — Many, if not most, of the people in the accounts receivable management industry are waiting with baited breath to see what Rohit Chopra is going to do with Regulation F — the Debt Collection Rule — if he is confirmed by the Senate to be the next …