Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors. A copy of the bill, the Colorado Student Loan Equity Act, SB21-057, can be …
Read More »Colorado Schedules Meeting to Discuss Changes to State’s FDCPA
The Attorney General of Colorado has announced it will be holding a virtual rulemaking meeting on March 23 to discuss amending the state’s Fair Debt Collection Practices Act by making a number of changes to how debt collectors in the state must operate. Anyone interested in requesting a cost-benefit analysis …
Read More »Proposed Colo. Student Loan Collection Overhaul Being Considered
A bill is circulating around the Colorado legislature that would dramatically overhaul how student loans are collected in the state, removing an exemption for licensed collection agencies while also imposing new disclosure requirements and imposing extensive civil liability exposure for those found to violate the provisions of the bill, should …
Read More »Compliance Digest – January 25
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H. Bedard, Jr., or call (678) 253-1871. Every week, …
Read More »Medical Debt Collection Overhaul Being Floated in Colorado as Gov. Signs Bill Extending Halt on ‘Extraordinary’ Actions
The following alert and update about legislative activity in Colorado was provided to AccountsRecovery.net yesterday by Makyla Moody, with Greenberg Sada & Moody PC, in Englewood, Colo. The Colorado Center on Law and Policy (CCLP) is currently working on a Bill to “reform” medical debt collections in Colorado. Based upon …
Read More »Bill Introduced in Colorado to Extend Moratorium on ‘Extraordinary’ Collection Actions
The Colorado legislature kicked off its 2021 session yesterday and the second bill that was introduced in the state Senate was a measure to extend the moratorium on “extraordinary” collection actions in the state until June 1. A copy of the bill, which was introduced by state Senators Faith Winter …
Read More »States Sue Bank Regulator to Overturn ‘True Lender’ Rule
A group of eight state attorneys general filed suit yesterday in federal court in New York to block a rule that was issued by the Office of the Comptroller of the Currency that aimed to close a gap in the process of banks selling loans to third parties, such as …
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