2023 is the Year of New Consumer Rights

New Consumer Law Rights Taking Effect in 2023

This NCLC article lists federal and state consumer law rights scheduled to go into effect or expire, during the period from November 17, 2022, through December 31, 2023. Other consumer law changes will be enacted later in 2023 and will go into effect in 2023; this article lists changes whose effective dates have already been scheduled.

• November 17, 2022: Student Loans; Bankruptcy
• December 1, 2022: Bankruptcy
• December 5, 2022: Arizona Exemptions, Medical Debt
• December 15, 2022:  HECM Reverse Mortgages
• December 27, 2022: Bankruptcy
• December 31, 2022: Student Loans; USDA Loan Modifications
• January 1, 2023: TILA; FCRA; CLA;  HMDA; FHA Loans;  Minimum Wage and Wage Garnishment in 27 States; California Various Provisions; District of Columbia Debt Collection; Georgia Retail Crime; Michigan Loans; Nebraska Exemptions; New Mexico Loans; South Dakota Annuities; Virginia Data Privacy
• February 15, 2023: Colorado Hospital Collections
• March 1, 2023:  VA Mortgages
• March 10, 2023: Federal Credit Union Interest Rates
• March 30, 2023: Reporting of Medical Debt

• April 21, 2023:  Colorado School Transcripts
• June 9, 2023: FTC Safeguards Rule
• June 30, 2023: LIBOR
• July 1, 2023: Federal Student Loans; VA Mortgages; California Coerced Debt; Colorado Data Privacy; Connecticut Data Privacy; Michigan Property Taxes
• July 3, 2023: Alternative Indices for Adjustable-Rate Loans
• July 2023: FCC Limits on Robocalls
• August 9, 2023: Colorado Homeowner Association Collections
• August 29, 2023:  Federal Student Loan Payment Pause??
• September 1, 2023:  TILA Disclosures re Index Rates; California Garnishment; Minnesota Debt Collection
• December 1, 2023: Bankruptcy
• December 31, 2023:  Utah Data Privacy

Consumer legal protections are rare.  Unfortunately, any changes or additions to the law are greatly influenced by the latest political attitude, rather than ‘what is right and fair to the general public’.  Our Constitution was established to give people equal protections, establish justice, insure domestic tranquility, provide for common defense and general welfare.  The Constitution establishes these principals for people, not businesses.

The Preamble

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.