House Subcommittee Hearing on Debt Collection Bills, Including One to Extend FDCPA to Debt Buyers

The hearing was held by the House Financial Services Committee Subcommittee on Financial Services and Consumer Credit. The ACA has a report here.  Nine bills were under discussion. Excerpt:

“Just to give everyone an idea, H.R. 864, the Stop Debt Collection Abuse Act, was a bipartisan effort on behalf of myself, [U.S. Reps. Keith Ellison, D-Minn., Emanuel Cleaver, D-Texas and French Hill, R-Ark.] to make sure that the federal government uses the same practices that the private [debt collection] sector uses,” [Representative Mia] Love said.

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H.R. 864 would amend the FDCPA, including classifying debt buyers as “debt collectors” and subjecting debt collectors for federal agencies to FDCPA requirements.

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