Fair Debt Collection Improvement Act

HR 2704, the Fair Debt Collection Improvement Act, prohibits debt collectors from attempting to collect debts that have passed their legal time limit under state law. This directly affects debt collectors who try to recover old debts and consumers who receive collection attempts for debts no longer legally collectible. The bill adds a specific provision to the Fair Debt Collection Practices Act, making it illegal for collectors to pursue or attempt to collect any debt after the statute of limitations expires. This change clarifies and strengthens existing protections for consumers against unfair debt collection practices.