3.0.0 3331 2023-01-15T07:32:52Z 2023-01-15T07:32:52Z House H HR 2003-10-17 108 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2003-11-04T22:18:25Z Referred to 2003-10-17T13:00:45Z 2003-11-04 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2003-10-17 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-10-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-10-17 Introduced in House IntroReferral 1000 9 Library of Congress C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 N O000159 Rep. Owens, Major R. [D-NY-11] MAJOR OWENS D NY R. 11 2003-10-17 True L000342 Rep. Lipinski, William O. [D-IL-3] WILLIAM LIPINSKI D IL O. 3 2003-10-17 True N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2003-10-17 True J000284 Rep. Jones, Stephanie Tubbs [D-OH-11] STEPHANIE JONES D OH TUBBS 11 2003-10-17 True R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2003-10-17 True D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2003-10-17 True H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2003-10-17 True T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2003-10-17 True L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2003-10-17 True S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT 0 2003-10-17 True K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2004-01-28 False Finance and Financial Sector Administrative procedure Administrative remedies Affiliated corporations Business ethics Business records Civil actions and liability Class actions (Civil procedure) Collection of accounts Commerce Conflict of interests Congress Congressional reporting requirements Consumer credit Consumer education Consumer protection Contracts Counseling Damages Debtor and creditor Deceptive advertising Federal Trade Commission Federal preemption Federal-state relations Fees Financial services Fines (Penalties) Fraud Government Operations and Politics Government paperwork Governmental investigations Independent regulatory commissions Law Legal fees Limitation of actions Negligence Parties to actions Personal budgets Restrictive trade practices State laws Finance and Financial Sector 00 2003-10-17 Introduced in House 2004-01-07T21:22:53Z Debt Counseling, Debt Consolidation, and Debt Settlement Practices Improvement Act of 2003 - Prohibits an organization that engages in debt counseling, debt consolidation, or debt settlement from engaging in specified unfair and deceptive practices including: (1) unreasonable disclosure of information to third parties regarding amounts owed by any consumer; (2) undisclosed relationship between a debt counseling organization and a debt consolidation or debt settlement organization; (3) diversion of periodic payments from creditor to debt settlement organization; and (4) payment in advance of full performance of service.

Requires a written, dated contract signed by the consumer as a prerequisite to services provided by any organization offering debt counseling, debt consolidation, or debt settlement.

Prescribes contract terms. Establishes the consumer right to cancel such contract.

Declares void and unenforceable any waiver by the consumer of the protections of this Act.

Requires registration with the Secretary of the Treasury of any debt counseling, debt consolidation, or debt settlement organization.

Establishes civil liability for non-compliance with this Act.

Grants the Federal Trade Commission and the States enforcement powers to implement this Act.

Prohibits any requirement or prohibition from being imposed under the laws of any State with respect to any subject matter regulated under this Act.

]]> Debt Counseling, Debt Consolidation, and Debt Settlement Practices Improvement Act of 2003 Display Title Debt Counseling, Debt Consolidation, and Debt Settlement Practices Improvement Act of 2003 Official Title as Introduced To amend the Consumer Credit Protection Act to protect consumers from unfair and deceptive practices by organizations providing debt counseling, debt consolidation, or debt settlement services, and for other purposes. Introduced in House IH Short Titles as Introduced Debt Counseling, Debt Consolidation, and Debt Settlement Practices Improvement Act of 2003 Introduced in House 2003-10-17T04:00:00Z 2003-11-04 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.