The Consumer Financial Protection Bureau (CFPB) confirmed in its Fall 2019 Semiannual Regulatory Agenda that it intends to take final action on the Notice of Proposed Rulemaking for debt collection in 2020. The most recent edition of the Regulatory Agenda, which is not yet available on the Federal Register, was posted on the CFPB's website.
According to the NPRM's Federal Register tracking page, the docket lists an ominous "Other" scheduled for "01/00/2020." We've seen this type of "non-date" in the Federal Register from the CFPB before as we awaited the release date of the NPRM.
The Fall 2019 Regulatory Agenda also describes the CFPB's testing of time-barred debt disclosures, for which the CFPB submitted a notice in February of this year. The Regulatory Agenda states that the testing was not the focus of the NPRM, but that agency will determine whether it needs to supplement the NPRM after the testing is concluded. Any further supplementation to the NPRM would have a comment period.
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