To amend the Fair Debt Collection Practices Act to safeguard access to information for consumers and to stop abusive debt litigation, and for other purposes.
About This Bill
Committee
Latest Action · May 1, 2024
Referred to the House Committee on Financial Services.
The SCAM Debt Act of 2024 amends federal debt collection laws to strengthen consumer protections and increase transparency in debt litigation. The bill requires debt collectors to provide consumers with detailed information about debts, including the original amount owed, payment history, current creditor information, and how to contact the debt collector. When debt collectors pursue legal action against consumers, they must provide written notice at least 30 days in advance and include comprehensive documentation in court filings, such as evidence of the original debt agreement, proof of ownership transfers, and a sworn statement that the debt is still collectible under applicable law. The legislation affects debt collectors and consumers involved in debt collection disputes but does not include specific funding allocations or implementation timelines beyond the 30-day notice requirement for legal action. This bill aims to prevent debt collectors from pursuing or misrepresenting claims without proper documentation and to ensure consumers have access to complete information about their debts.
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