The CFPB extended the comment period for the Advanced Notice of Proposed Rulemaking regarding debt collection practices that was previously issued in November 2013 (see November 12, 2013 Alert) in order to allow more time for interested persons to respond to the ANPR. The original comment period was set to end on February 10, and now will end February 28, 2014. The extension comes after the CFPB received several formal requests from industry trade groups, in addition to other informal requests from other stakeholders. Though the CFPB considers this “the first of what [it] expects to be many opportunities for public input over time,” it granted the extension to allow responders more time to consider the issues raised in the ANPR.
© 2015 Goodwin Procter LLP. All rights reserved. This informational piece, which may be considered advertising under the ethical rules of certain jurisdictions, is provided with the understanding that it does not constitute the rendering of legal advice or other professional advice by Goodwin Procter LLP, Goodwin Procter (UK) LLP or their attorneys. Prior results do not guarantee similar outcome.
Goodwin Procter LLP is a limited liability partnership which operates in the United States and has a principal law office located at 53 State Street, Boston, MA 02109. Goodwin Procter (UK) LLP is a separate limited liability partnership registered in England and Wales with registered number OC362294. Its registered office is at Tower 42, 25 Old Broad Street, London EC2N 1HQ. A list of the names of the members of Goodwin Procter (UK) LLP is available for inspection at the registered office. Goodwin Procter (UK) LLP is authorized and regulated by the Solicitors Regulation Authority.