In the May 21, 2019, issue of the Federal Register (84 FR 23274, click here) the  Consumer Financial Protection Bureau (CFPB) published a proposed rule to amend Regulation F, 12 CFR part 1006, which implements the Fair Debt Collection Practices Act (FDCPA). Currently Regulation F only contains procedures for State application for exemption from the provisions of the FDCPA. The proposed rule would amend Regulation F to prescribe Federal rules governing activities of debt collectors, as that term is defined in the FDCPA. The proposed rule would address communications in connection with debt collection; interpret and apply prohibitions on harassment or abuse, false or misleading representations, and unfair debt collection practices; clarify requirements for consumer-facing debt collection disclosures; and require debt collector compliance with certain additional disclosure-related and record retention requirements.

Full Memorandum