Collections and Repossessions Bill that Prohibits All Activity Hits the Senate Floor!

Today, a sweeping amendment to the Fair Debt Collections Act (FDCPA) was introduced into the senate as a bill by Senator Sherrod Brown (D) OH, that creates a moratorium on all collections and repossession activity during a major national disaster or emergency. The bill was just introduced to the floor and no known date for this going to vote is yet set. If set in motion, all debt collections activity and repossession would grind to a virtual halt.

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