SEPTEMBER 1, 2021                                                                                                                                             VOL. 15
 RAISING THE BAR  
The latest news and updates from General Bar

The CFPB announced that its two final debt collection rules implementing the FDCPA will take effect as planned on November 30th. The CFPB had previously proposed extending the final rules' effective date by 60 days to allow for additional comments and time for implementation for those affected by COVID-19.

Based on industry feedback, the Bureau determined that an extension is unnecessary, saying that consumer advocate commenters generally supported extending the effective date, they did not focus on whether additional time is needed to implement the rules. The CFPB is indicating to debt collection law firms that the agency will be keeping tabs as hundreds of thousands of borrowers exit mortgage forbearance this fall.
COLLECTION RELATED NEWS

STUDENT LOAN BORROWERS WITH COSIGNER SAVE THOUSANDS ON DEBT

WHAT'S NEXT FOR US STUDENT DEBT CRISIS

MEDIA COVERAGE OF MEDICAL DEBT LAWSUITS PROMPTS HOSPITAL REVERSAL

DEBT CEILING PUSHES MONEY MARKET FUNDS TO BRINK

POLITICIANS DIG IN ON DEBT AS PAINFUL SEPTEMBER LOOMS
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CCA of A Annual Meeting October 21-23 Delray Beach, FL
NASP Annual Conference November 8-10 Virtual
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