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B-333208 May 04, 2021 1 (2021-05-04)

handle is hein.gao/gaoltu0001 and id is 1 raw text is: O1O o U.S. GOVERNMENT ACCOUNTABILITY OFFICE A Century of Non-Partisan Fact-Based Work 441 G St. N.W. Washington, DC 20548 B-333208 May 4, 2021 The Honorable Sherrod Brown Chairman The Honorable Patrick J. Toomey Ranking Member Committee on Banking, Housing, and Urban Affairs United States Senate The Honorable Maxine Waters Chairwoman The Honorable Patrick McHenry Ranking Member Committee on Financial Services House of Representatives Subject: Bureau of Consumer Financial Protection: Debt Collection Practices in Connection with the Global COVID-19 Pandemic (Regulation F) Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Bureau of Consumer Financial Protection (Bureau) entitled Debt Collection Practices in Connection with the Global COVID-19 Pandemic (Regulation F) (RIN: 3170- AA41). We received the rule on April 19, 2021. It was published in the Federal Register as an interim final rule; request for public comment on April 22, 2021. 86 Fed. Reg. 21163. The effective date is May 3, 2021. According to the Bureau, it issued this interim final rule to address certain debt collector conduct associated with an eviction moratorium issued by the Centers for Disease Control (CDC). See generally 86 Fed. Reg. 8020 (Feb. 3, 2021). The Bureau stated that this interim final rule applies to debt collectors, as that term is defined in the Fair Debt Collection Practices Act (FDCPA). See generally 15 U.S.C. §§ 1692-1692p. The Bureau also stated that FDCPA establishes broad consumer protections and prohibits debt collectors from engaging in harassment or abuse, making false or misleading representations, or engaging in unfair practices in debt collection. The Bureau notes that this interim final rule amends Regulation F, which implements FDCPA, to require debt collectors to provide written notice to certain consumers of their protections under the CDC Order's eviction moratorium and to clarify that certain misrepresentations are prohibited. See generally 12 C.F.R. pt. 1006 (Regulation F). According to the Bureau, 12 C.F.R. § 1006.9 prohibits certain acts by debt collectors that undermine the purpose and effectiveness of the CDC Order's eviction moratorium to prevent the further spread of Coronavirus Disease 2019 (COVID-19). The Bureau stated that sections 1006.9(a) and (b) set forth the purpose and coverage of subpart B and define certain terms used in the subpart, and section 1006.9(c) identifies the prohibited acts. The Bureau also stated that it is adopting

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