A new penalty schedule for debt collectors became effective in NYC on September 1, 2026, but the substantive SHIELD Rule has been delayed to January 1, 2027.
What changed
New penalty structures established; however, the main regulatory modifications related to the SHIELD Rule are postponed.
Compliance perspective
Debt collectors must adapt to the new penalty regulations while preparing for the upcoming amendments to the SHIELD Rule.
Key date
Effective date: September 1, 2026.
Need help keeping up with these changes?
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