Rep. French Hill (AR-02) today issued the following statement after voting against H.R. 2547, the Comprehensive Debt Collection Improvement Act:
“The Comprehensive Debt Collection Improvement Act is nothing more than a partisan, progressive attempt to disrupt the consumer credit market at a time when our economy is grappling to recover from the effects of a pandemic,” said Rep. Hill. “This bill would make it difficult for small businesses, healthcare providers, and individuals to receive payments from customers and could lead to increased medical insurance costs as providers would be left with limited access to patient medical expenses. House Democrats and Congresswoman Waters claim this bill will aid consumers - in reality, lenders inability to effectively assess risk will limit Arkansan’s access to capital while also making it more costly.”
Original source can be found here.
