Comments are due June 5, 2020.
3/20/2020 15:00
The Consumer Financial Protection Bureau has extended its comment period on the Supplemental Notice of Proposed Rulemaking (SNPRM) concerning out-of-statute debt to June 5, 2020, a change ACA International requested in consideration of challenges throughout the country as a result of COVID-19. ACA submitted a letter to CFPB Director Kathy Kraninger on behalf of the industry Friday.
The extension will allow members and industry professionals adequate time to provide public comment on the SNPRM and ACA appreciates the response from the CFPB.
Read more on the SNPRM in ACA’s initial analysis.
ACA is continuing to monitor state and city updates and is here as a resource for members during this time and beyond. Our team also continues to stay in touch with state and federal regulators to receive direct updates on guidance to help members.
For more information, these sites on ACA’s home page will be updated regularly: