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REGISTER NOW The Consumer Financial Protection Bureau said two debt collection rules will go into effect on Nov. 30 as originally planned, rejecting a plea by consumer advocates for the agency to reopen the rulemakings. The CFPB said Friday that the agency no longer plans to extend the effective dates to Jan. 29, 2022, as previously proposed. The agency had considered allowing more time to weigh concerns by consumer advocacy groups that the Trump-era rules were too weak. But reopening the regulations has legal issues, the bureau said. “Although 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 said in a press release. A reconsideration of the rules was beyond the scope of the [notice of proposed rulemaking] and could raise concerns under the Administrative Procedure Act.”

Clark hillJoann needlemanKathy kraningerConsumer financial protection bureauAdministrative procedure actFair debt collection practicesகிளார்க் மலைநுகர்வோர் நிதி ப்ரொடெக்ஶந் பணியகம்நியாயமான கடன் சேகரிப்பு ப்ர்யாக்டிஸஸ்