On September 1, 2021 (86 FR 48918), the Consumer Financial Protection Bureau (CFPB) announced that it was withdrawing a proposal to delay the effective date of Regulation F (12 CFR 1006), which implements the Fair Debt Collection Practices Act (FDCPA). In October and December 2020, the CFPB issued two rules to revise Regulation F, with an effective date of November 30, 2021.

Because of the ongoing disruption caused by the COVID-19 pandemic, and to afford stakeholders additional time to review and implement the Debt Collection Final Rules, the CFPB proposed in April 2021 to extend the November 30 effective date by 60 days, to January 29, 2022. The CFPB requested comment on whether to extend the effective date, and if so, whether 60 days was an appropriate period for an extension. Most industry commenters stated that, despite the pandemic, they will be prepared to comply with the Debt Collection Final Rules by November 30, 2021. Accordingly, the CFPB determined to withdraw the proposed extension and for the rules to remain effective as of November 30, 2021.


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