Dangerous Debt Collection Legislation Would Hurt Low Income Americans

The House of Representatives will vote on a dangerous bill, H.R. 5082, called the Practice of Law Technical Clarification Act of 2018 sponsored by Reps. Alexander Mooney (R-W.Va.) and Vicente Gonzalez (D-Texas). This bill would exempt debt collection attorneys from the Fair Debt Collection Practices Act (FDCPA) and preclude the Bureau of Consumer Financial Protection (CFPB) from exercising supervisory or enforcement authority over them. H.R. 5082 will provide a perverse incentive for some debt collection law firms to engage in abusive and deceptive practices with impunity.