Congress Should Oppose Abusive Debt Collection

Our friends at the National Consumer Law Center (NCLC) warn of legislation (HR 4550) that would allow debt collection attorneys to engage in abusive practices.

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This week, the House Financial Services Committee will vote on whether to open the floodgates to abusive litigation conduct by debt collection attorneys and debt buyers who work in their name. The Practice of Law Technical Clarification Act would unwind a bedrock protection for the 77 million Americans with debts in collection, including struggling families, elders, servicemembers and veterans.

Yet reducing consumer protections is exactly what the Practice of Law Technical Clarification Act, sponsored by Rep. Vicente Gonzalez (D-Texas) and Rep. Alexander Mooney (R-W.Va.), aims to do. The bill would exempt attorneys and “law firms” engaged in litigation activity from the federal Fair Debt Collection Practices Act (FDCPA).  Consumers would lose their FDCPA protections against abusive litigation-related conduct by debt collection attorneys and law firms, and the CFPB would not be able to pursue illegal, harassing, and abusive litigation-related debt collection conduct.

Read more about this dangerous legislation>

 

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