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Debtcollectors and collection agencies are subject to the Colorado Fair Debt Collection Practices Act (CFDCPA). The CFDCPA does not apply to anyone who collects their debts or government personnel in the United States. What is Colorado Uniform ConsumerCredit Code (Colorado UCCC).
In addition, the Symposium welcomes discussion over the recent decision by the Uniform Law Commission to address debt collection efforts by third-partydebtcollectors or buyers based on default judgments. Selected papers are due after the Symposium on June 4, 2021.
Federal Activities: On December 16, the Consumer Financial Protection Bureau (CFPB) issued a series of orders to five companies offering “buy now, pay later” (BNPL) credit. The CFPB is concerned about accumulating debt, regulatory arbitrage, and data harvesting in a consumercredit market already quickly changing with technology.
of Americans had medical debt in collections as of June 2020, according to a study from the Journal of the American Medical Association (JAMA), which analyzed consumercredit reports between January 2009 and June 2020. Her third medication, Latuda, cost her $398 for the first month and now costs $198 per month.
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