What the bill would do

  • Updated: September 26, 2010 - 10:32 PM

 

A bill proposed by Sen. Al Franken, D-Minn., would update and strengthen the 1977 U.S. Fair Debt Collection Practices Act, which allows debtors to sue collectors who violated federal law. The bill would:

• Allow only judges, not debt collectors, to use arrest warrants against debtors for not responding to a creditor's lawsuit.

• Require collectors to give consumers more information about debts, including the original creditor's name and breakdown of fees and interest.

• Require collectors to document what is owed.

• Increase the civil damages for wrongdoing, and allow triple damages for willful acts and court injunctions for continued violations.

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close