On March 7, the CFPB announced a comment period extension for its advance NPRM addressing concerns related to information about coerced debt (i.e., where individuals are manipulated into incurring debt without their consent) furnished to credit bureaus and consumer reporting agencies. The advance NPRM, which was published in the Federal Register on December 13, 2024, seeks information on amending the definitions of “identity theft” and “identity theft report” in Regulation V, which implements the FCRA (as covered by InfoBytes here).

Originally set to close on March 7, the comment period has been extended to April 7 to allow interested parties additional time to submit comments.

Visit our resource center, CFPB Pause: Where From Here?, to stay on top of the latest and what it may mean for the federal and state regulatory and enforcement landscape.