Sec. 1101. Report on COVID–19 pandemic debt collection practices
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/bill/117/hr/2547/eh/section-1101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 6 months after the date of the enactment of this section, the Director of the Bureau of Consumer Financial Protection shall submit a report to Financial Services Committee of the House of Representatives and Banking Committee of the Senate that— analyzes available data relating to consumer complaints about debt collection practices during the COVID–19 pandemic, including the collection of medical debt and the collection of debt from servicemembers; lists all enforcement actions taken by the Bureau during the COVID–19 pandemic that related to debt collection; and describes how the Bureau will use regulatory, supervisory and enforcement tools to combat predatory debt collection practices identified during the COVID–19 pandemic.
The Director shall require each larger participant in the consumer debt collection market (as such term is defined in section 1090 of title 12 of the Code of Federal Regulations to provide to the Director information about any default judgements pursued by such larger participant through litigation during the COVID–19 pandemic. The Director shall compile all information received from larger participants under paragraph
(1)and shall include such information in the report required under subsection (a). In this section: The term Director means the Director of the Bureau of Consumer Financial Protection. The term Bureau means the Bureau of Consumer Financial Protection.