PolitickerNJ Wire Feed

By Gina Wilder | December 13th, 2012 - 12:55pm
| More

Assembly Democrats News Release

Burzichelli, Riley Bill to Create "Consumer Fairness Act" Advanced by Assembly Panel


Measure Increases Protection of Consumers against Unscrupulous Debt Buyers

(Trenton) - Legislation sponsored by Assembly Democrats John J. Burzichelli and Celeste M. Riley to bolster consumer protection against manipulative debt buyers and unfair debt collection practices was released by the Consumer Affairs Committee on Thursday.

The bill (A1535) establishes the "Consumer Credit Fairness Act" to curb abusive tactics used by companies that purchase consumer debt with the intention to regain their investment from collection. The act would be enforced by the Director of the Division of Consumer Affairs.

"Scheming debt collection agencies that purchase outstanding consumer debt are finagling their way into the pockets of consumers by way of intimidation," said Burzichelli (D-Cumberland, Gloucester and Salem). "Most of the time, the burden of proof is left to the consumer to prove it's not their debt or the debt is paid. If you have no regard for NJ consumers, then you are an insult to the industry."

"Debt buyers are preying on New Jersey Consumers," said Riley (D-Cumberland, Gloucester and Salem. "Acquiring consumer debt to go after already financially stressed consumers by using their information against them is unacceptable. This bill goes after those debt buyers by requiring accountability for their shady practices and rightly so."

Under the bill's provisions, no debt buyer shall collect any debt by use of any unfair, false, misleading, or deceptive acts or practices. As defined in the bill, "debt buyer" means a person that is engaged in the business of purchasing delinquent or charging-off consumer debt for collection purposes, whether it collects the debt itself, hires a third collection, or engages an attorney for litigation in order to collect the debt.

The measure will now head to the Assembly Speaker for further consideration.

To read more, please visit the New Jersey General Assembly Democratic Office Web site.

On the Net:
The Assembly Democratic Office Web site
NJ Assembly Dems on YouTube
NJ Assembly Dems on Vimeo
NJ Assembly Dems on Facebook
NJ Assembly Dems on Twitter
NJ Assembly Dems e-mail alerts

Contact Info: 

Majority Press Office 609-847-3500

The Back Room

FDU Poll: 51% favor physician-assisted suicide bill

For the second time in three years, the New Jersey Legislature is considering a bill that would allow physician-assisted suicide for terminal patients with fewer than six months to live. The most recent statewide poll of New Jersey residents from Fairleigh Dickinson University’s PublicMind finds a majority of New Jerseyans support the legislation, and are personally comfortable with ending one’s life with physician assistance if faced with a terminal illness.

Read More >

Wake-Up Call

Morning Digest: July 28th

  Winners and Losers: Week of July 21st Christopher Rodriguez Governor Chris Christie this week announced his selection of the CIA operative as New Jersey’s next Director of the Office of Homeland Security and Preparedness (OHSP). (Politicker Staff) http://www.politickernj.com/77941/winners-and-losers-week-july-21st     Torres saddles up with Fulop and Baraka for...

Op-Ed

NJ Legislature must get behind statewide standard of responsible contracting

By Michael Capelli As a 30 year union carpenter, I learned first-hand how important it was to have the right tools for the job. Now as the Executive Secretary-Treasurer of the 30,000 men and women of the Northeast Regional Council of Carpenters I... Read More >

Contributors

 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »
(7-23-14) Rabner Opinion Keeps “Christie for President” Alive - Gov. Chris Christie’s fight to prevent same-sex marriage in New Jersey ended with Chief Justice Stuart Rabner.... more »
The Perry-Paul Debate is Healthy for the GOP – and for America  The foreign policy debate in the media between prospective GOP Presidential candidates Texas Governor Rick Perry and... more »
(Washington DC)-- Two recent votes on Capitol Hill suggest an overdue and radical departure from our nation's Draconian and costly War on Drugs.  It's a long-overdue discussion (and not just... more »

Quote of the Day

quote of the day

"A pain management surgeon, Roque said he estimates that the trial and initial loss of patients and other headaches may have personally cost him about $800,000. Ouch." - columnist Agustin Torres, the Political Insider

- The Jersey Journal

Poll

Given another chance, who would you choose to run the county RIGHT NOW?:

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources