SB 577 - Curbing deceptive and aggressive debt collection practices: This bill would give consumers access to more information regarding their alleged debts, and more avenues to pursue illegal and abusive debt collectors in court.
According to a recent FTC report, the debt collection world is riddled with abuses and lack of transparency. Among the serious issues the research outlined:
- Illegal garnishments.
- Lawsuits brought against consumers without sufficient evidence.
- Debt collectors trying to pursue debts far past the statute of limitations.
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Economic Fairness Oregon is a non-profit, non-partisan organization dedicated to consumer protection and fair lending laws. Our goal is to restore a financial system built to work for the people, not against them. Know someone who would like this message? Share it: