SCAM Debt Act

HR 8196, the SCAM Debt Act, amends the Fair Debt Collection Practices Act to prevent deceptive debt collection practices, primarily affecting consumers facing debt collection lawsuits. The bill requires debt collectors to provide consumers with a 30-day written notice before legal action, including detailed debt information like the original debt amount, default dates, and payment history. It also mandates that debt collectors include specific evidence in court filings, such as the original debt agreement, chain of title documentation showing ownership transfer, and proof the statute of limitations hasn't expired. These changes aim to increase transparency and prevent misleading claims during debt collection proceedings.