FAIR DEBT COLLECTION PRACTICES ACT

Bills and resolutions

Courts: prohibit from making an award of costs to a defendant except on a finding that an action was brought in bad faith relative to debt collection (see H.R. 5484), H3209 [12AP]

Credit: exclude from credit reports medical debt that is recently delinquent or has been paid, provide for a timetable for verification of medical debt, and increase efficiency of credit markets with more perfect information (see S. 3351), S5692 [16AU]

Lawyers and attorneys: exclude lawyers engaged in legal proceedings from definition of debt collector and prevent Consumer Financial Protection Bureau from exercising certain supervisory or enforcement authority over lawyers (see H.R. 5082), H1226 [23FE]

Remarks in Senate

Veterans: protect veterans’ credit ratings by delaying inclusion of medical debt from services received through Veterans Choice Program and other VA programs from reports to credit reporting agencies, S1359 [6MR]

Reports filed

Practice of Law Technical Clarification Act: Committee on Financial Services (House) (H.R. 5082) (H. Rept. 115–892), H7747 [7AU]

Protecting Veterans Credit Act: Committee on Financial Services (House) (H.R. 2683) (H. Rept. 115–1025), H9525 [14NO]