Collector - January 2018 - 22
State attorneys general
are ramping up efforts
with the Federal Trade
Commission to address
debt relief scams.
want to be in the spotlight for a breach that
could have been prevented.
Meanwhile, over in Europe, the new
General Data Protection Regulation
legislation, which goes into effect in May, is
changing how businesses process and protect
consumer information. Under GDPR,
companies that handle the personal data of
European Union customers must prove they
have appropriate security measures in place
to protect it-if not, they can incur big fines.
The effects of this legislation are being
felt stateside too. "The new law will usher
in cascading privacy demands that will
require a renewed focus on data privacy
for U.S. companies that offer goods and
services to EU citizens," said Jay Cline,
PwC's U.S. Privacy Leader.
STATE ISSUES: DEBT RELIEF
SCAMS, GARNISHMENT AND MORE
State legislatures will be very busy from
mid-January through early May. This
heightened level of legislative activity
is expected to wane in early summer
as political and campaign pressures
increase with the looming November
election. More than 80 percent of all
state legislative seats (6,000+) across the
country are up for election.
The misleading tactics deployed by
many credit repair organizations continue
to be a top issue for ACA state and
regional units. Efforts to reform consumer
and creditor confusion caused by generic
credit repair dispute notices seem to be
gaining momentum with state lawmakers.
Several states are expected to consider
legislation in 2018 to address this issue.
Additionally, state attorneys general are
ramping up efforts with the Federal Trade
Commission to address debt relief scams.
Every year a handful of states consider
significantly shortening their state's
statute of limitations for bringing a debt
collection action, and 2018 is not expected
to be any different. ACA's units have
a good message to relay to lawmakers
We have E & O policies
no other agent can