CFPB Debt Collection Rule Released: How Did the Cookie Crumble on Hot Industry Topics?

Seven years, two presidents, and three agency directors later, the Consumer Financial Protection Bureau's (CFPB) long-awaited final debt collection rule—also known as Regulation F—is finally here. The CFPB released the final rule this afternoon. Below is a quick summary of hot-button issues for the industry.

Implementation

Before getting into the nitty-gritty of the rule’s content, there’s a more pressing question that should be answered first. By when does your organization have to be compliant with the new rule? According to the document, the rule becomes effective one year after it is published in the Federal Register. insideARM will monitor the Federal Register and provide an update when the rule is officially published. 

View this content by subscribing

Please register to unlock this content

I already have an account. Log in