The Bureau of Consumer Financial Protection proposes to amend Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA) and currently contains the procedures for State application for exemption from the provisions of the FDCPA. On May 21, 2019, the Bureau published in the Federal Register a proposed rule that would prescribe Federal rules governing the activities of debt collectors, as that term is defined in the FDCPA. This proposal supplements the May 2019 proposed rule by proposing to require debt collectors to make certain disclosures when collecting time-barred debts.

The Bureau has issued a supplemental debt collection proposal on time-barred debt. The Bureau has also released a Fast Facts document that summarizes the supplemental proposal. You can access the supplemental proposal and the Fast Facts document at https://www.consumerfinance.gov/policy-compliance/rulemaking/rules-under-development/debt-collection-practices-regulation-f-supplemental-proposal-time-barred-debt/   back...