For the first time, “You Wanted a Rule, You Got a Rule” looks at Part II of Regulation F, which the Consumer Financial Protection Bureau released last December. This particular section of the debt collection rule may be somewhat straightforward — debt collectors may not bring or threaten to bring legal actions against a consumer to collect a time-barred debt. But determining whether a debt is time-barred or not is far less straightforward. In this episode, John Bedard walks through the section on collecting time-barred debts while offering his insights into the nuances of determining which statutes of limitations apply and a key change the CFPB made from the proposed rule to the final rule which makes the stakes even higher for collectors when they make a mistake.