Tell the Consumer Financial Protection Bureau That Debt Collectors Do Not Need to Write to You
In May, the Consumer Financial Protection Bureau proposed new rules for debt collectors . This update of the Fair Debt Collection Practices Act, which has not been updated since it was drafted in 1977, will limit the frequency of calls to the debt collector each week and provide more clarity for itemized bills. But it will also allow debt collectors to send you text messages and emails.
The CFPB is extending the public comment period after seven consumer protection groups sent a letter requesting an extension. so if you haven’t already told the CFPB that you would prefer the debt collectors not interfere with your DMs, you will have more time. The new deadline is September 18, 2019.
Comment on the proposed debt collection policy
To post a public comment on the CFPB’s proposed debt collection rule changes, visit the proposed rules page on Rules.gov and click the Comment Now button in the upper right corner. Your public comment can be anonymous, or you can provide your name and / or contact information.
You can share your comments in two other ways:
By Email: Send a message to [email protected]. Include account number CFPB-2019-0022 or RIN 3170-AA41 in the subject line of the message.
By Mail: Email: “Comments Received – Debt Collection,” Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552. Use the registry number above in your correspondence.
So far, about 6,000 comments have been posted on the Internet.
This post was originally posted on 8/15/19 and updated on 8/17/19 to correct the link to the Rules.gov comment page.