Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Bulletin 2015-07 re: in-person collection of consumer debt".
Consumer Debt: Rules for In-Person Debt Collection
This bill is currently in the early stages of the legislative process after being sent to the House Committee on Financial Services for review. It is considered active, but no further meetings or votes have been scheduled at this time. There is no companion bill currently associated with this measure.
Legislative Progress
This measure is unlikely to pass because it is a challenge to a specific agency rule, which usually requires the support of the majority party in both the House and the Senate.
Key Points
- Rep. Pettersen introduced a measure to block a recent decision by the Consumer Financial Protection Bureau. The agency had moved to cancel older rules about in-person debt collection.
- The original rules from 2015 were designed to protect people from harassment when debt collectors visit them at home or at work.
- By blocking the agency's recent change, this resolution would keep those 2015 consumer protections active and enforceable.
- This action matters to anyone with outstanding debt, as it ensures collectors must follow federal standards when attempting to collect money in person.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Bulletin 2015-07 re: in-person collection of consumer debt".
Data Sources
Sponsor
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