ACA How: Reg F Implementation is Here to Prepare You for the Nov. 30 CFPB Debt Collection Rule Compliance Date

With the CFPB holding to the Nov. 30, 2021, Reg F effective date, ACA has you covered for finalizing compliance preparations.

8/3/2021 10:30 AM

CFPBNewsRegulation F
ACA How: Reg F Implementation is Here to Prepare You for the Nov. 30 CFPB Debt Collection Rule Compliance Date

ACA International’s education series on implementing the Consumer Financial Protection Bureau’s debt collection rule, Reg F, was released online in June to guide members through everything from disclosures to limited content messages before the compliance date.

The Reg F compliance date has now officially been announced as Nov. 30, 2021. Previously the CFPB proposed delaying it for a few months to allow supervised entities more time to implement the requirements.  

On July 30, the CFPB announced that the extension would be unnecessary and that public comments generally did not support it, ACA previously reported. The CFPB will consider additional guidance for debt collectors, including those that service mortgage loans, as necessary.

ACA’s comments to the CFPB on the proposed delay are available here.

ACA knows its members have been working on updating their policies and procedures to comply with Reg F and is here to help with its ACA How video series.

Reg F is the biggest change for the accounts receivable management industry since the inception of the Fair Debt Collection Practices Act. The series— introduced by ACA Corporate Counsel Colin Winkler— covers every part of Reg F that requires organizational change, including how to implement those changes and who needs to be involved. Each section is broken into short videos presented by industry leaders and includes a tip sheet to support the course subject.

Last month, ACA added two new educational modules to guide members through communication related to credited reporting and state laws.  

Chad Echols, partner at the Echols Firm LLC, will be presenting the new module on Communication Prior to Credit Reporting, which covers the procedures leading up to credit reporting and policy changes.

Relation to State Laws, presented by Stefanie Jackman, partner at Ballard Spahr, LLP, covers everything you need to know about Reg F regarding state laws and regulations.

Members will have access to 15 hours of education taught by industry-leading professionals, all broken down into 3-to-5 minute easy-to-navigate tutorials.

ACA’s recent informational video guides you through how to navigate the ACA How web page and explains the account setup process as well as navigating modules and tracking your progress.

Additional modules include:

  • Prohibited Communications Media presented by June Coleman, of counsel at Messer Strickler Ltd., in Jacksonville, Florida.
  • Social Media Communications, presented by Nicole Strickler, president of Messer Strickler Ltd., in Jacksonville, Florida.
  • Time-Barred Debts, presented by David Schultz, partner at Hinshaw & Culbertson LLP, in Chicago Harassing, Oppressive, or Abusive Conduct, presented by Tim Collins, chief customer officer at InDebted Australia Pty. Ltd.
  • Limited Content Messages, presented by Loraine Lyons, partner at Malone Frost Martin PLLC, in Cedar Falls Iowa.
  • Employer Provided Emails presented by Dennis Barton, owner and managing attorney at The Barton Law Group LLC in Chesterfield, Missouri.

If your company has multiple people attending ACA’s webinars, consider investing in the All-Access Training Zone, which includes bundled education from ACA at one low price. Existing All-Access Training Zone subscribers automatically have access to ACA How: Regulation F Implementation.

To get started on your Reg F education, visit https://acahowregf.acainternational.org/ and access our new modules.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

ACA How: Reg F Implementation is Here to Prepare You for the Nov. 30 CFPB Debt Collection Rule Compliance Date

ACA International’s education series on implementing the Consumer Financial Protection Bureau’s debt collection rule, Reg F, was released online in June to guide members through everything from disclosures to limited content messages before the compliance date.

The Reg F compliance date has now officially been announced as Nov. 30, 2021. Previously the CFPB proposed delaying it for a few months to allow supervised entities more time to implement the requirements.  

On July 30, the CFPB announced that the extension would be unnecessary and that public comments generally did not support it, ACA previously reported. The CFPB will consider additional guidance for debt collectors, including those that service mortgage loans, as necessary.

ACA’s comments to the CFPB on the proposed delay are available here.

ACA knows its members have been working on updating their policies and procedures to comply with Reg F and is here to help with its ACA How video series.

Reg F is the biggest change for the accounts receivable management industry since the inception of the Fair Debt Collection Practices Act. The series— introduced by ACA Corporate Counsel Colin Winkler— covers every part of Reg F that requires organizational change, including how to implement those changes and who needs to be involved. Each section is broken into short videos presented by industry leaders and includes a tip sheet to support the course subject.

Last month, ACA added two new educational modules to guide members through communication related to credited reporting and state laws.  

Chad Echols, partner at the Echols Firm LLC, will be presenting the new module on Communication Prior to Credit Reporting, which covers the procedures leading up to credit reporting and policy changes.

Relation to State Laws, presented by Stefanie Jackman, partner at Ballard Spahr, LLP, covers everything you need to know about Reg F regarding state laws and regulations.

Members will have access to 15 hours of education taught by industry-leading professionals, all broken down into 3-to-5 minute easy-to-navigate tutorials.

ACA’s recent informational video guides you through how to navigate the ACA How web page and explains the account setup process as well as navigating modules and tracking your progress.

Additional modules include:

  • Prohibited Communications Media presented by June Coleman, of counsel at Messer Strickler Ltd., in Jacksonville, Florida.
  • Social Media Communications, presented by Nicole Strickler, president of Messer Strickler Ltd., in Jacksonville, Florida.
  • Time-Barred Debts, presented by David Schultz, partner at Hinshaw & Culbertson LLP, in Chicago Harassing, Oppressive, or Abusive Conduct, presented by Tim Collins, chief customer officer at InDebted Australia Pty. Ltd.
  • Limited Content Messages, presented by Loraine Lyons, partner at Malone Frost Martin PLLC, in Cedar Falls Iowa.
  • Employer Provided Emails presented by Dennis Barton, owner and managing attorney at The Barton Law Group LLC in Chesterfield, Missouri.

If your company has multiple people attending ACA’s webinars, consider investing in the All-Access Training Zone, which includes bundled education from ACA at one low price. Existing All-Access Training Zone subscribers automatically have access to ACA How: Regulation F Implementation.

To get started on your Reg F education, visit https://acahowregf.acainternational.org/ and access our new modules.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

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