US Congress House Bill 5794 (Prior Session Legislation)

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July 11 2012 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Pending: House Subcommittee on Financial Institutions and Consumer Credit Committee
Text: Latest bill text (Introduced) [PDF]

Fair Debt Collection Practices Clarification Act of 2012 - Amends the Fair Debt Collection Practices Act to revise the disclaimer of liability for any act done or omitted in good faith in conformity with any advisory opinion of the Consumer Financial Protection Bureau (CFPB). Exempts from liability, in addition, acts done or omitted in good faith in compliance with any rule, regulation, or interpretation of the CFPB, or in conformity with any interpretation or approval by a CFPB official or employee duly authorized to issue such interpretations or approvals. Permits a debt collector to leave messages for a consumer regarding the collection of a debt on the consumer's answering machine, voice messaging system, or similar device, including in an initial communication with the consumer, so long as the message complies with regulations prescribed by the CFPB to ensure the preservation of consumer privacy and other rights, including restrictions on communications with third parties. Prohibits a debt collector from initiating a legal action on a debt in an arbitration setting, or requiring the consumer to resolve by arbitration a collection-related dispute on the debt, unless the consumer has agreed in writing to resolution by arbitration after collections activities have been initiated and a legal action or dispute has arisen.

Fair Debt Collection Practices Clarification Act of 2012

Rep Frank, Barney

Date	Chamber	Action
2012-07-11	House	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
2012-05-17	House	Referred to the House Committee on Financial Services.

HB4101 (Related) 2012-04-26 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN05794:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112hr5794ih/pdf/BILLS-112hr5794ih.pdf