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 20 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! To register for our October 20 webinar, click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
