NACA and its organizational partners submitted a comment to the Consumer Financial Protection Bureau on its proposed rule on debt collection practices. While there are instances in which the regulations clarify and improve protections, the overall impact of these regulations, should they be promulgated, will be to hurt consumers, not help them. All comments submitted by or on behalf of NACA are available here.
NACA joins with 231 other consumer, civil and human rights, labor, community, and legal services organizations from all 50 states and the District of Columbia on a comment urging the Consumer Financial Protection Bureau to strengthen the Bureau's proposed rule on debt collection pracices. All comments submitted by or on behalf of NACA are available here.
NACA urges the Consumer Financial Protection Bureau to strengthen its proposed rule on debt collection practices. The proposal does not address existing serious problems within the debt collection market and could expose consumers to increased risk of abuse. All comments submitted by or on behalf of NACA are available here.
NACA joins with organizational partners to urge the Consumer Financial Protection Bureau to write a strong debt collection focused on protecting consumers from debt collection abuses.
This letter to Congress was updated on January 3, 2019.
Most people have rented a place to live. The relationship with the landlord or management company typically extends beyond one month, sometimes for many years or decades. With good credit, it’s usually easy to enter into a residential rental or lease agreement, with both parties typically signing an agreement to rent the residence for a set term or month-to-month.
One of my favorite questions I like to ask lawyers is “Why do people file for Bankruptcy?”
The most common answer I get is because they owe money, or they have a lot of debt.
But that is wrong. The truth of the matter is very different.