Section 1 Short title
This Act may be cited as the “Monitoring and Curbing Abusive Debt Collection Practices Act ”.
Monitoring and Curbing Abusive Debt Collection Practices Act
A BILL
To amend the Consumer Financial Protection Act of 2010 to require the Director of the Bureau of Consumer Financial Protection to issue a quarterly report on debt collection complaints and enforcement actions, and to prohibit rules that would allow a debt collector to send unlimited email and text messages to a consumer.
Sec. 2 Debt collection
Report on debt collection complaints and enforcement actions— Section 1016 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5496) is amended by adding at the end the following:
“(d) Report on debt collection complaints and enforcement actions—The Director shall issue a quarterly report to Congress containing—
“(1) an analysis of the consumer complaints received by the Bureau with respect to debt collection, including a State-by-State breakdown of such complaints; and
“(2) a list of enforcement actions taken against debt collectors during the previous 12 months.”
Limitation on debt collection rules— Section 1022 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5512) is amended by adding at the end the following:
“(e) Limitation on debt collection rules—The Director may not issue any rule with respect to debt collection that allows a debt collector to send unlimited email and text messages to a consumer.”