NCBA Regulatory Advocacy Role in New Congressional Bill | Liz Terry & Michael Stillman | Ep. 271

⚖️ A new bill in Congress could change how collection attorneys are regulated—and the implications are significant for legal collections.

In this episode of the Receivables Podcast, host Adam Parks sits down with Liz Terry and Michael Stillman of NCBA to explain why lawmakers are revisiting the dual regulation of collection attorneys and how litigation versus debt collection requirements have created compliance conflicts under the FDCPA and Regulation F.

Drawing from active legislative efforts and real courtroom scenarios, they break down what the bill aims to clarify, why it matters now, and how NCBA’s regulatory advocacy role is shaping the conversation in Washington.

This episode is essential listening for creditors’ rights law firms, compliance and regulatory professionals, and debt buyers who want to understand what this proposed legislation could mean for litigation strategy, risk management, and regulatory oversight. 🎯

⏰ Key Moments (Timestamps)

00:00 – Introduction to Liz Terry, Michael Stillman, and NCBA
01:07 – Why collection attorneys face dual regulation
03:15 – FDCPA history and why litigation was never intended to be regulated
07:41 – Regulation F conflicts and real courtroom scenarios
11:50 – NCBA’s regulatory advocacy role and pending legislation
19:54 – Closing thoughts and key takeaways

❓ Frequently Asked Questions

Q1: What is dual regulation of collection attorneys?
A1: Dual regulation of collection attorneys means being governed by both court ethics rules and federal debt collection regulations, a conflict Liz Terry and Michael Stillman of NCBA explain in detail.

Q2: Why is attorney regulation versus debt collection law a problem?
A2: Liz Terry and Michael Stillman of NCBA explain that attorneys cannot always comply with CFPB rules and court orders at the same time, creating compliance risk.

Q3: How does NCBA address regulatory conflict in legal collections?
A3: NCBA works to clarify litigation versus debt collection requirements through advocacy and education focused on dual regulation of collection attorneys.

Q4: What is the new bill in Congress addressing for collection attorneys?
A4: The new bill in Congress focuses on clarifying when collection attorneys should be regulated by courts versus federal debt collection rules, an issue Liz Terry and Michael Stillman of NCBA explain in detail.

Q5: How is NCBA involved in the new congressional bill?
A5: NCBA is actively advocating for the legislation by educating lawmakers on litigation versus debt collection requirements and the impact of dual regulation on legal collections.

Supplementary Links

Receivables Podcast Episode: https://receivablespodcast.com/videos...

NCBA Website: https://www.creditorsbar.org/

Liz Terry LinkedIn:   / elizabethcterry  

Michael Stillman LinkedIn:   / michael-stillman-5692789  

👍 Like this Liz Terry & Michael Stillman episode and 🔔 subscribe for updates on the new bill in Congress impacting collection attorneys. ⚡

#dualregulationofcollectionattorneys #legalcollections #newbillincongress #collectionattorneyregulation