ACA International’s Comments Related to H.R. 3622, the Restoring Unfairly Impaired Credit and Protecting Consumers Act

A Statement From ACA International CEO Mark Neeb

01/29/2020 09:00 AM

A Statement From ACA International CEO Mark Neeb



"ACA has several concerns about the Restoring Unfairly Impaired Credit and Protecting Consumers Act, and has urged the Senate not to move forward with it in this form. The year-long delay in reporting medical debt and the lack of clarity surrounding what is a “medically necessary procedure” harms consumers who may be unaware of the options they may have to handle their debt obligations and deadlines they face for insurance corrections and charity care options. After exhausting other options, credit reporting can be the best way to alert consumers of their outstanding debts. Moreover, consumers could be at risk if they are obtaining unaffordable credit and services during the lengthy timeframe credit reporting would be delayed if this legislation were to become law, since credit providers will not understand a consumer’s financial situation if they have an inaccurate credit report."

Click here to read ACA International’s comments related to H.R. 3622.

ACA International (ACA), the association of credit and collection professionals, is the largest membership organization in the credit and collection industry. Founded in 1939, ACA brings together third-party collection agencies, law firms, asset buying companies, creditors and vendor affiliates, representing tens of thousands of industry professionals. ACA produces a wide variety of products, services and publications, including educational and compliance-related information; and articulates the value of the credit and collection industry to businesses, policymakers and consumers.

If you have executive leadership updates or other member news to share with ACA, contact our communications department at [email protected]. View our publications page for more information and our news submission guidelines here.

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