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Entrance to the CFPB headquarters. Entrance to the CFPB headquarters. (Source: Shutterstock)

The CFPB has proposed delaying the effective dates of two controversial debt collection rules that were issued by the Trump Administration last year.

The agency cited the pandemic as the reason for the 60-day delay, saying that the new Jan. 29, 2022 effective date would allow stakeholders time to review the rules and implement them.

David Baumann

Credit Union Times

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