CFPB Extends Time To Respond To Debt Collection Proposal

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On January 13, the CFPB issued a notice extending the comment period for itsĀ advance notice of proposed rulemaking related to debt collection practices. The notice states that the comment period, which was set to end on February 10, 2014, has been extended through February 28, 2014 in response to numerous formal and informal requests for additional time.