US House Passes Gramm-Leach-Bliley Relief for Debt Buyers

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US House Passes Gramm-Leach-Bliley Relief for Debt Buyers
The U.S. House of Representatives late Monday passed by voice vote a bill that contains language eliminating a debt purchaser’s obligation to send annual consumer privacy notices under the Gramm-Leach-Bliley Act. Passage of the bill represents a long battle to remove the superfluous requirement of forcing debt buyers to inform consumers that the personal information they collect will be sa
 
Topic: Debt Purchasing