CFPB Extends Comment Period for Debt Collection NPRM to Sept. 18, iA Provides Perspective on What Could Happen

Today, the Consumer Financial Protection Bureau (CFPB) announced that it is extending the comment period for the Notice of Proposed Rulemaking (NPRM) for debt collection to September 18, 2019, one month past the original comment deadline.

According to the Federal Register, the CFPB received "[t]wo written requests from consumer advocates and an industry trade group" that asked to extend the comment period by 60 to 90 days. "The requests indicate that the interested parties would use the time to conduct additional outreach to relevant constituencies and to properly address the many questions presented in the NPRM." 

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