Regulation F Proposed Changes to Fair Debt Collection Practices Act Training Manual

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On May 7, 2019 the, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule, contained in Regulation F, to implement the Fair Debt Collection Practices Act (FDCPA). The proposal:

  • Establishes clear limits on the number of calls debt collectors may place to reach consumers on a weekly basis; clarifies how collectors may communicate lawfully using newer technologies, such as voicemail, email and text messages, that have developed since the FDCPA’s passage in 1977; and
  • Requires collectors to provide additional information to consumers to help them identify debts and respond to collection attempts.

The proposal was published in the Federal Register on May 21, 2019. Comments on the proposal will be accepted until august 19, 2019. A final rule would become effective one year after it has been published in the Federal Register.

This manual provides a review of the proposed Regulation F, which implements the Fair Debt Collection Practices Act.

Description

On May 7, 2019 the, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule, contained in Regulation F, to implement the Fair Debt Collection Practices Act (FDCPA). The proposal:

  • Establishes clear limits on the number of calls debt collectors may place to reach consumers on a weekly basis; clarifies how collectors may communicate lawfully using newer technologies, such as voicemail, email and text messages, that have developed since the FDCPA’s passage in 1977; and
  • Requires collectors to provide additional information to consumers to help them identify debts and respond to collection attempts.

The proposal was published in the Federal Register on May 21, 2019. Comments on the proposal will be accepted until august 19, 2019. A final rule would become effective one year after it has been published in the Federal Register.

This manual provides a review of the proposed Regulation F, which implements the Fair Debt Collection Practices Act.

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