As Congress considers legislation which would officially exempt lawyers, law firms and employees from the definition of “debt collector” under the Dodd-Frank Act, the American Bar Association (ABA) is split in its support for the bill.
A group of consumer fellows from the Consumer Financial Services Committee of the ABA wrote to the president to criticize the association’s lobbying efforts to pass the bill.
Read on for details of the ABA dispute and of the legislation being considered.
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