Debt Collection Practices (Regulation F); Extension of Comment Period, 37806-37807 [2019-16476]

Download as PDF jbell on DSK3GLQ082PROD with PROPOSALS 37806 Federal Register / Vol. 84, No. 149 / Friday, August 2, 2019 / Proposed Rules 3(c)(12)–1 and 3(c)(12)–2 that the Bureau proposed would take effect January 1, 2022. Due to the reopening of the comment period on the permanent closed-end coverage threshold, the Bureau will not be able to finalize any change to the closed-end coverage threshold in time to take effect on the Bureau’s originally proposed effective date of January 1, 2020. The Bureau therefore requests additional comment on the appropriate effective date for any change to the closed-end coverage threshold, should the Bureau decide to finalize a change. Specifically, the Bureau requests comment on the costs and benefits of a mid-year effective date during 2020 (e.g., May 2020) versus a January 1, 2021 effective date.6 With respect to the alternative of a mid-year effective date during 2020, the Bureau also requests comment on the costs and benefits of specific days of the week or times of the month, quarter, or year for a new closedend coverage threshold to take effect and whether there are any other considerations that the Bureau should address in a final rule if it were to adopt a mid-year effective date. Regarding the effective date for a permanent open-end coverage threshold, reopening the comment period will still allow the Bureau to issue a final rule to adjust the permanent open-end coverage threshold effective January 1, 2022, as the Bureau proposed in the May 2019 Proposal, should the Bureau choose to do so. As discussed below, the Bureau has already received comment on the proposed two-year extension of the temporary coverage threshold for openend lines of credit and the proposed amendments to incorporate the EGRRCPA’s partial exemptions into Regulation C. The Bureau is not soliciting comment during the reopened comment period on these issues, and any further such comments will be considered outside of the scope of this request for public comment. The Bureau encourages commenters to limit their submissions accordingly to (1) the Bureau’s proposed changes to the permanent coverage threshold for closed-end mortgage loans, (2) the Bureau’s proposed changes to the permanent coverage threshold for openend lines of credit, and (3) the appropriate effective date for any change to the closed-end coverage threshold. The reopened comment period will close on October 15, 2019, which will allow interested parties 6 If the Bureau adopted a mid-year effective date during 2020, affected institutions would be required to collect closed-end mortgage loan data for only part of 2020, and the Bureau could make reporting of such data optional in early 2021. VerDate Sep<11>2014 17:36 Aug 01, 2019 Jkt 247001 adequate time to consider the 2018 HMDA Data after its release in late summer. Comments on the proposed rule that were previously submitted during the initial comment period, which ended on June 12, 2019, remain part of the rulemaking docket and therefore do not need to be resubmitted for the Bureau to consider them. B. Provisions the Bureau Is Not Reopening for Comment The Bureau has decided not to reopen the comment period with respect to the May 2019 Proposal’s proposed two-year extension of the temporary open-end threshold. As discussed in the May 2019 Proposal, the proposed extension would provide the Bureau with additional time to assess how a requirement to report open-end lines of credit would affect institutions whose origination volume falls just above the proposed threshold of 200 open-end lines of credit.7 The proposed extension would also provide any newly covered institutions with sufficient time to revise and update policies and procedures, implement any necessary systems changes, and train staff before the proposed threshold of 200 lines of credit would take effect in 2022. The Bureau does not believe that additional comment on the 2018 HMDA Data is necessary for the Bureau to determine whether to finalize the proposed two-year extension of the open-end threshold. The Bureau expects to issue a final rule in the fall of 2019 indicating whether it will extend the temporary open-end coverage threshold so that, if finalized, the extension can take effect as proposed on January 1, 2020. Therefore, the Bureau is not reopening that portion of the proposal for further comment relating to the 2018 HMDA Data. The Bureau also does not believe that additional comment on the 2018 HMDA Data is necessary for its consideration of the provisions in the May 2019 Proposal that would incorporate the EGRRCPA partial exemptions into Regulation C and further implement EGRRCPA section 104(a). The Bureau is proposing to implement the new statutory partial exemptions that Congress established in EGRRCPA section 104(a), and the Bureau does not believe that comment on the 2018 HMDA Data would assist it in determining how to implement the new statutory partial exemptions. To provide further clarity on the new partial exemptions as quickly as possible, the Bureau anticipates that it will address the proposed amendments relating to the partial exemptions in a final rule issued in the fall of 2019. 7 84 PO 00000 FR 20972, 20982 (May 13, 2019). Frm 00013 Fmt 4702 Sfmt 4702 Dated: July 23, 2019. Kathleen L. Kraninger, Director, Bureau of Consumer Financial Protection. [FR Doc. 2019–16190 Filed 8–1–19; 8:45 am] BILLING CODE 4810–AM–P BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1006 [Docket No. CFPB–2019–0022] RIN 3170–AA41 Debt Collection Practices (Regulation F); Extension of Comment Period Bureau of Consumer Financial Protection. ACTION: Proposed rule; extension of comment period. AGENCY: On May 21, 2019, the Bureau of Consumer Financial Protection (Bureau) published in the Federal Register a Notice of Proposed Rulemaking (NPRM) requesting comment on the Bureau’s proposed amendments to Regulation F which implements the Fair Debt Collection Practices Act (FDCPA). The proposed amendments would prescribe Federal rules governing the activities of debt collectors, as that term is defined in the FDCPA. The NPRM provided a 90-day comment period that was set to close on August 19, 2019. To allow interested persons more time to consider and submit their comments, the Bureau has determined that an extension of the comment period until September 18, 2019, is appropriate. DATES: The comment period for the debt collection NPRM published May 21, 2019, at 84 FR 23274, is extended. Responses to the NPRM must now be received on or before September 18, 2019. SUMMARY: You may submit comments, identified by Docket No. CFPB–2019– 0022 or RIN 3170–AA41, by any of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: 2019-NPRM-DebtCollection@ cfpb.gov. Include Docket No. CFPB– 2019–0022 or RIN 3170–AA41 in the subject line of the message. • Mail: Comment Intake—Debt Collection, Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, DC 20552. • Hand Delivery/Courier: Comment Intake—Debt Collection, Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, DC 20552. ADDRESSES: E:\FR\FM\02AUP1.SGM 02AUP1 jbell on DSK3GLQ082PROD with PROPOSALS Federal Register / Vol. 84, No. 149 / Friday, August 2, 2019 / Proposed Rules Instructions: The Bureau encourages the early submission of comments. All submissions should include the agency name and docket number or Regulatory Information Number (RIN) for this rulemaking. Because paper mail in the Washington, DC area and at the Bureau is subject to delay, commenters are encouraged to submit comments electronically. In general, all comments received will be posted without change to http://www.regulations.gov. In addition, comments will be available for public inspection and copying at 1700 G Street NW, Washington, DC 20552, on official business days between the hours of 10:00 a.m. and 5:00 p.m. Eastern Time. You can make an appointment to inspect the documents by telephoning 202–435–7275. All submissions, including attachments and other supporting materials, will become part of the public record and subject to public disclosure. Proprietary or sensitive personal information, such as account numbers, Social Security numbers, or names of other individuals, should not be included. Submissions will not be edited to remove any identifying or contact information. FOR FURTHER INFORMATION CONTACT: Courtney Jean or Kristin McPartland, Senior Counsels, Office of Regulations, at 202–435–7700 or https://reg inquiries.consumerfinance.gov/. If you require this document in an alternative electronic format, please contact CFPB_ Accessibility@cfpb.gov. SUPPLEMENTARY INFORMATION: On May 7, 2019, the Bureau issued an NPRM proposing to amend Regulation F, 12 CFR part 1006, to prescribe Federal rules governing the activities of debt collectors, as that term is defined in the FDCPA. The NPRM was published in the Federal Register on May 21, 2019.1 The NPRM would, among other things, address communications in connection with debt collection; interpret and apply prohibitions on harassment or abuse, false or misleading representations, and unfair practices in debt collection; and clarify requirements for certain consumer-facing debt collection disclosures. The NPRM requested public comment on each of those topics, among others. The NPRM provided a 90-day public comment period that was set to close on August 19, 2019. The Bureau has received written requests asking that the Bureau extend the comment period. Two written requests from consumer advocates and an industry trade group asked that the Bureau extend the 1 84 FR 23274 (May 21, 2019). VerDate Sep<11>2014 17:36 Aug 01, 2019 Jkt 247001 comment period by either 60 or 90 days. The requests indicate that the interested parties would use the time to conduct additional outreach to relevant constituencies and to properly address the many questions presented in the NPRM. The Bureau has balanced interested parties’ desire to have additional time to consider the issues raised in the NPRM, gather data, and prepare their responses, with the Bureau’s interest in proceeding expeditiously with the debt collection rulemaking. In light of these factors, the Bureau believes that a 30-day extension of the NPRM comment period to September 18, 2019, is appropriate. This extension should allow interested parties more time to prepare responses to the NPRM without delaying the debt collection rulemaking. The NPRM comment period will now close September 18, 2019. Dated: July 26, 2019. Kathleen L. Kraninger, Director, Bureau of Consumer Financial Protection. [FR Doc. 2019–16476 Filed 8–1–19; 8:45 am] BILLING CODE 4810–AM–P 37807 Franklin Station, Washington, DC 20044. Submissions may be handdelivered Monday through Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG–101828–19), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20024, or sent electronically, via the Federal eRulemaking Portal at www.regulations.gov (indicate IRS and REG–101828–19). FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations under §§ 1.951–1, 1.956–1, and 1.958–1, Joshua P. Roffenbender at (202) 317– 6934; concerning the proposed regulations under §§ 1.951A–0, 1.951A– 2, 1.951A–7, and 1.954–1, Jorge M. Oben at (202) 317–6934; concerning the proposed regulations under § 1.1502–51, Katherine H. Zhang at (202) 317–6848 or Kevin M. Jacobs at (202) 317–5332; concerning submissions of comments or requests for a public hearing, Regina Johnson at (202) 317–6901 (not toll free numbers). SUPPLEMENTARY INFORMATION: Background DEPARTMENT OF THE TREASURY 26 CFR Part 1 The proposed regulations that are the subject of this correction are under section 951A of the Internal Revenue Code. [REG–101828–19] Need for Correction RIN 1545–BN80 As published, the notice of proposed regulations (REG–101828–19) contains errors which may prove to be misleading and need to be clarified. Internal Revenue Service Guidance Under Section 958 (Rules for Determining Stock Ownership) and Section 951A (Global Intangible LowTaxed Income); Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking. AGENCY: This document contains a correction to a notice of proposed rulemaking (REG–101828–19) that was published in the Federal Register on June 21, 2019. The proposed regulations provide guidance on the treatment of domestic partnerships for purposes of determining amounts included in the gross income of their partners with respect to foreign corporations. DATES: Written or electronic comments and requests for a public hearing are still being accepted and must be received by September 19, 2019. ADDRESSES: Send submissions to: Internal Revenue Service, CC:PA:LPD:PR (REG–101828–19), Room 5203, Post Office Box 7604, Ben SUMMARY: PO 00000 Frm 00014 Fmt 4702 Sfmt 9990 Correction of Publication Accordingly, the notice of proposed rulemaking (REG–101828–19) that was the subject of FR Doc. 2019–12436, published at 84 FR 29114 (June 21, 2019), is corrected to read as follows: § 1.951A–2 [Corrected] On page 29129, second column, the third line of paragraph (c)(6)(i), the language ‘‘951 A(c)(2)(A)(i)(II)’’ is corrected to read ‘‘951A(c)(2)(A)(i)(III)’’. ■ Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2019–16430 Filed 8–1–19; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\02AUP1.SGM 02AUP1

Agencies

[Federal Register Volume 84, Number 149 (Friday, August 2, 2019)]
[Proposed Rules]
[Pages 37806-37807]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16476]


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BUREAU OF CONSUMER FINANCIAL PROTECTION

12 CFR Part 1006

[Docket No. CFPB-2019-0022]
RIN 3170-AA41


Debt Collection Practices (Regulation F); Extension of Comment 
Period

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Proposed rule; extension of comment period.

-----------------------------------------------------------------------

SUMMARY: On May 21, 2019, the Bureau of Consumer Financial Protection 
(Bureau) published in the Federal Register a Notice of Proposed 
Rulemaking (NPRM) requesting comment on the Bureau's proposed 
amendments to Regulation F which implements the Fair Debt Collection 
Practices Act (FDCPA). The proposed amendments would prescribe Federal 
rules governing the activities of debt collectors, as that term is 
defined in the FDCPA. The NPRM provided a 90-day comment period that 
was set to close on August 19, 2019. To allow interested persons more 
time to consider and submit their comments, the Bureau has determined 
that an extension of the comment period until September 18, 2019, is 
appropriate.

DATES: The comment period for the debt collection NPRM published May 
21, 2019, at 84 FR 23274, is extended. Responses to the NPRM must now 
be received on or before September 18, 2019.

ADDRESSES: You may submit comments, identified by Docket No. CFPB-2019-
0022 or RIN 3170-AA41, by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket 
No. CFPB-2019-0022 or RIN 3170-AA41 in the subject line of the message.
     Mail: Comment Intake--Debt Collection, Bureau of Consumer 
Financial Protection, 1700 G Street NW, Washington, DC 20552.
     Hand Delivery/Courier: Comment Intake--Debt Collection, 
Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, 
DC 20552.

[[Page 37807]]

    Instructions: The Bureau encourages the early submission of 
comments. All submissions should include the agency name and docket 
number or Regulatory Information Number (RIN) for this rulemaking. 
Because paper mail in the Washington, DC area and at the Bureau is 
subject to delay, commenters are encouraged to submit comments 
electronically. In general, all comments received will be posted 
without change to http://www.regulations.gov. In addition, comments 
will be available for public inspection and copying at 1700 G Street 
NW, Washington, DC 20552, on official business days between the hours 
of 10:00 a.m. and 5:00 p.m. Eastern Time. You can make an appointment 
to inspect the documents by telephoning 202-435-7275.
    All submissions, including attachments and other supporting 
materials, will become part of the public record and subject to public 
disclosure. Proprietary or sensitive personal information, such as 
account numbers, Social Security numbers, or names of other 
individuals, should not be included. Submissions will not be edited to 
remove any identifying or contact information.

FOR FURTHER INFORMATION CONTACT: Courtney Jean or Kristin McPartland, 
Senior Counsels, Office of Regulations, at 202-435-7700 or https://reginquiries.consumerfinance.gov/. If you require this document in an 
alternative electronic format, please contact 
[email protected].

SUPPLEMENTARY INFORMATION: On May 7, 2019, the Bureau issued an NPRM 
proposing to amend Regulation F, 12 CFR part 1006, to prescribe Federal 
rules governing the activities of debt collectors, as that term is 
defined in the FDCPA. The NPRM was published in the Federal Register on 
May 21, 2019.\1\ The NPRM would, among other things, address 
communications in connection with debt collection; interpret and apply 
prohibitions on harassment or abuse, false or misleading 
representations, and unfair practices in debt collection; and clarify 
requirements for certain consumer-facing debt collection disclosures. 
The NPRM requested public comment on each of those topics, among 
others.
---------------------------------------------------------------------------

    \1\ 84 FR 23274 (May 21, 2019).
---------------------------------------------------------------------------

    The NPRM provided a 90-day public comment period that was set to 
close on August 19, 2019. The Bureau has received written requests 
asking that the Bureau extend the comment period. Two written requests 
from consumer advocates and an industry trade group asked that the 
Bureau extend the comment period by either 60 or 90 days. The requests 
indicate that the interested parties would use the time to conduct 
additional outreach to relevant constituencies and to properly address 
the many questions presented in the NPRM.
    The Bureau has balanced interested parties' desire to have 
additional time to consider the issues raised in the NPRM, gather data, 
and prepare their responses, with the Bureau's interest in proceeding 
expeditiously with the debt collection rulemaking. In light of these 
factors, the Bureau believes that a 30-day extension of the NPRM 
comment period to September 18, 2019, is appropriate. This extension 
should allow interested parties more time to prepare responses to the 
NPRM without delaying the debt collection rulemaking. The NPRM comment 
period will now close September 18, 2019.

    Dated: July 26, 2019.
Kathleen L. Kraninger,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2019-16476 Filed 8-1-19; 8:45 am]
 BILLING CODE 4810-AM-P