Acting head of CFPB hints at QM and debt collection rule delay

By Jon Hill (February 4, 2021, 10:48 PM EST) – The acting director of the Consumer Financial Protection Bureau signaled Thursday that he may seek to delay the implementation of mortgage and debt collection rules recently completed by the agency, a move that could reopen those regulations once a permanent Biden appointee is in place.

In a blog post, CFPB Acting Director Dave Uejio said he was asking staff to “explore options to preserve the status quo with respect to quality management and cost recovery rules. receivables,” alluding to final rules last year that revised the agency’s qualified mortgage requirements and defined debt. collector communication and disclosure standards.

These rules, which have…

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