H.R.5387: Debt Settlement Consumer Protection Act of 2010

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about finance and financial sector
  • Introduced May 25, 2010
  • Latest Major Action May 25, 2010

Bill Cosponsors

2 (All Democrats)

Bill Summary

Debt Settlement Consumer Protection Act of 2010 - Amends the Consumer Credit Protection Act to prohibit debt settlement providers from providing a debt settlement service or receiving a fee from a consumer without a signed written contract meeting specified requirements. Prohibits debt settlement providers from engaging in certain acts or practices, including: (1) making loans or offering credit or soliciting or accepting any note, mortgage,...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
May 25, 2010

Introduced in the House by Luis V. Gutiérrez (D-Ill.)

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