House Bill 2547
117th Congress(2021-2022)
Comprehensive Debt Collection Improvement Act
Active
Amendments
Active
Passed House on May 13, 2021
Overview
Text
Introduced
Apr 15, 2021
Latest Action
May 17, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2547
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
California
Massachusetts
Massachusetts
Pennsylvania
Passed
May 13, 2021
Type
Passage Of A Measure
House Roll Call Votes
Summary

Comprehensive Debt Collection Improvement Act

This bill generally provides additional financial protections for consumers and places restrictions on debt collection activities.

Regarding additional consumer protections, the bill

  • expands certain protections currently applicable to federally backed student loans to private student loans, including by requiring the discharge of a private student loan in the event of the borrower's death or total and permanent disability;
  • prohibits a consumer reporting agency from adding any information related to a debt arising from a medically necessary procedure to a consumer credit report and places restrictions on the reporting of other types of medical debt; and
  • applies certain consumer protections regarding debt collection to debt owed to a federal agency, states, debt buyers, and businesses engaged in nonjudicial foreclosures.

It also prohibits certain loan conditions that limit a borrower's opportunity to be heard in court in the event of default.

Additionally, the bill restricts debt collectors and debt collection practices by

  • prohibiting a debt collector from representing to a service member that failure to cooperate with a debt collector will result in a reduction of rank or similar action, and
  • limiting a debt collector's electronic communications with a debtor without the debtor's permission.
Text (4)
May 17, 2021
May 13, 2021
April 30, 2021
April 15, 2021
Amendments (4)
Displaying only amendments with a detailed public record (3)
May 13, 2021
Not Agreed to in House
1
Sponsorship
House Amendment 48
Amendment sought to replace the underlying bill with targeted approaches to improve the debt collection and credit reporting framework which would ensure the financial system remains safe and sound while protecting and introducing options for consumers.
Active
May 13, 2021
Not Agreed to in House
1
Sponsorship
House Amendment 47
Amendments en bloc No. 2 comprised of amendments numbered 4 and 8, printed in Part B of House Report 117-29.
Active
May 13, 2021
Agreed to in House
1
Sponsorship
House Amendment 46
Amendments en bloc No. 1 comprised of amendments numbered 1, 2, 3, 5, 6, 7, 10, 11, 12, 13, and 14, printed in Part B of House Report 117-29.
Agreed To
Public Record
Record Created
Apr 16, 2021 7:12:15 AM
Record Updated
Oct 19, 2021 2:06:41 PM