Stop Debt Collection Abuse Act of 2016

Summary

Stop Debt Collection Abuse Act of 2016 This bill amends the Fair Debt Collection Practices Act to redefine: (1) "debt" to include any obligation or alleged obligation of a consumer to pay a loan, an overpayment, a fine, penalty, a fee, or other money owed currently or originally to a federal agency and that is at least 180 days past due; and (2) "debt collector" to include any person who regularly collects debts currently or originally owed or allegedly owed to a federal agency. A federal agency that is a creditor may sell or transfer a debt to a debt collector beginning 90 days after the obligation or alleged obligation becomes delinquent or defaults. The Act is further amended by making the collection of any amount (including any interest, fee, charge, or expense incidental to the principal obligation) an unfair practice unless: the amount is expressly authorized by the agreement creating the debt or permitted by law (as under current law); and in the case of a debt owed a federal agency as specified in this bill, the collection charge is reasonable in relation to actual collection costs, is authorized by a contract between the debt collector and the federal agency, and does not exceed 10% of the amount the debt collector collects. The Government Accountability Office shall study the use of debt collectors by federal, state, and local government agencies.

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Timeline

1. 9 June 2016

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 9 June 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 June 2016

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 June 2016 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 June 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 June 2016

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 June 2016

  Open at official source

Sponsors

• Mia Love · R · Sponsor
• Keith Ellison · D · Sponsor
• J. Hill · R · Sponsor
• Emanuel Cleaver · D · Sponsor
• · hsba00 · Standing

Related records

• related to → Stop Debt Collection Abuse Act of 2015
• related to → Stop Debt Collection Abuse Act of 2017