The commercial debt collections bill was favorably reported from the committee level to the U.S. House of Representatives, but faced opposition for its impact on inflation for small businesses, reduction in access to credit, and the lack of distinction between commercial and consumer debt.
06/24/2022 1:45 P.M.
6 minute read
Legislation to expand the Fair Debt Collection Practices Act to cover commercial debt collections was approved in the House Financial Services Committee Thursday with notable opposition
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