In a notice published in the January 14, 2014 Federal Register, the CFPB announced that it would be extending the comment deadline for the Announced Notice of Proposed Rulemaking (“ANPR”) that it issued on November 6, 2013 (discussed here).  The ANPR seeks to modernize the Fair Debt Collection Practices Act (“FDCPA”) and will likely form the basis for a wave of debt collection-related rulemakings in the near future from the CFPB.  The CFPB extended the deadline to February 28, 2014 in response to formal requests from the debt collection industry to extend the comment period in order to allow interested parties to compile relevant information and submit comments.


The CFPB’s efforts to modernize the FDCPA  have been long anticipated and are expected to radically reshape the collections industry.  Interested parties are strongly encouraged to submit comments through the portal.