The U.S. House of
Representatives passed the Comprehensive Debt Collection Improvement Act,
H.R. 2547, mostly along party lines, which means the U.S. Senate could now
consider the bill with extensive reforms to debt collection. We need your
help to stop the bill and educate lawmakers about how the policy proposals
are harmful to businesses and consumers.
The bill includes,
among many other problematic proposals and amendments:
originating creditor will become subject to the FDCPA.
the ability to start medical debt collections for two years and credit
reporting for one year.
an additional opt in for the Consumer Financial Protection Bureau rule for
sending emails, adding complexity to new email requirements.
Fair Debt Collection Practices Act damages to inflation, which will
increase the damages.
will become so expensive that creditors may need to change how they grant
<![endif]>Subjects debt owed to federal agencies to the FDCPA and limits fees.
will also eliminate Consent Judgments.
This bill contains
language that would fundamentally alter the way we do business and was
recently referred to the Senate Committee on Banking, Housing and Urban
We expect the bill
will face an uphill battle in the Senate and we are providing you with a
sample letter (DOWNLOAD WORD FILE)
available to share with your members of Congress.