Stop Debt Collection Abuse Act of 2017
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Feb 3, 2017)
Stop Debt Collection Abuse Act of 2017
This bill amends the Fair Debt Collection Practices Act to apply that Act's restrictions to collectors of debt owed to a federal agency.
A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation becomes delinquent or defaults. Specified notice to the consumer of such a sale or transfer is required.
A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is: (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected.
The Government Accountability Office shall study and report to Congress on the use of debt collectors by federal, state, and local government agencies.
What just happenedJul 12, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Who’s behind it
- Introduced in HouseFeb 3, 2017
- Jul 12, 2017Committee
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Consumer Protection and Financial Institutions Subcommittee - Feb 3, 2017IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Feb 3, 2017IntroReferralIntro-H
Introduced in House
- Feb 3, 2017IntroReferral1000
Introduced in House