On 3/5/25, the CFPB published in the Federal Register a proposed rule to extend the comment period from the 12/13/24 notice of proposed ruemaking requesting comment on the CFPB’s proposal to amend Regulation V. The 12/13/24 proposed rule would implement the FCRA's definitions of consumer report and consumer reporting agency as well as certain of the FCRA's provisions governing when consumer reporting agencies may furnish, and users may obtain, consumer reports. The 12/13/24 NPRM provided a comment period that was set to close on March 3, 2025, but to “allow interested persons more time to consider and submit their comments,” the CFPB has extended the comment period until April 2, 2025.

The Federal Register publication can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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