On April 3 the Colorado General Assembly held a hearing and updates are coming to Colorado’s Fair Debt Collection Practices Act.
Here’s what you need to know:
- Colorado is proposing to do away with its Collection Agency Board, replacing it with a set of requirements for a single administrator.
- A recommendation was made to Continue the CFDCPA for 11 years, until 2028.
- “Debt Buyers” are collection agencies per Colorado’s FDCPA.
While this is just Colorado, many states discuss policies with each other and what’s happening in Colorado could become popular elsewhere.
