Rumor Has It That Publication Of The CFPB’s Final Collection Rules Is Imminent

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Ballard Spahr LLP

While the CFPB has maintained for over a year that the final rules will be published by the end of October, it appears that we may not have to wait that long. We are hearing from multiple, independent sources that the CFPB is likely to publish its final collections rules by October 16, and possibly, as early as this week. Once published, our team will be working to review and analyze the final rules and will hold a webinar on October 20th to examine their impact on the industry. Stay tuned – there will likely be a lot to cover. From the final call attempt and contact parameters, to analyzing how – if at all – the rules evolved from the NPRM in May 2019, it is sure to be a busy and insightful second half of October!

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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