Many of you may be aware that congressman Barney Frank is leaving office after his term runs out. But, while he is still in office he is inflicting plenty of damage. He is introducing amendments to the Fair Debt Collection Practices Act, that is the bill that currently protects you the consumer from debt collector abuses, that will no doubt, in my opinion make it easier for the debt collector and more difficult for you the consumer.
As a point of fact, successful court actions against debt collectors for FDCPA violations have grown in the past two years. No doubt the Congressman has been seriously lobbied. We know, so far, that the new language looks to specifically exempt debt collectors from liability when using approved language prescribed in voice mails and messages, by the new Bureau of Consumer Financial Protection. The full text of the new bill is not yet available for public viewing.
What is believed to be clear, is that the new bill, H.R.5794 is designed to better protect debt collectors from consumers. The exact opposite of the current bill, which was passed after congress heard horror stories of abuses by collectors against consumers.
While it is still somewhat premature to render an opinion about the new bill, it seems quite clear that it's intent is to make it more difficult to file suit against debt collectors for violations of the FDCPA.
The staff of American Debt Enders will be closely following the movement of this bill.
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Written By
Steven Ciantro
American Debt Enders
Credit Counselor
Talkshoe Radio Host
[email protected]
Gail Kasper Official Debt Expert
877-766-2465
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