CFPB Scraps Proposal To Delay Debt Collection Rules

By Jon Hill (July 30, 2021, 8:14 PM EDT) -- The Consumer Financial Protection Bureau said Friday that it has decided to move forward with implementation of its Trump-era debt collection rules later this year as originally planned, scrapping a proposed delay while not ruling out more substantive changes in the future.

An April proposal from the CFPB had floated the possibility of a 60-day delay for the agency's comprehensive new debt collection rules, which were issued late last year under former Director Kathleen Kraninger, a Trump appointee, and were set to take effect in late November.

The delay was pitched as a way to give industry more time to prepare...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!