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NY governor wants to license debt collectors

Posted at 11:24 PM, Dec 19, 2019
and last updated 2019-12-19 23:25:24-05

ALBANY, N.Y. (AP) — New York's governor is proposing to license debt collectors to make sure they're following state law.

Gov. Andrew Cuomo announced the proposal Thursday as part of the Democratic governor's State of the State agenda for next year.

He says he'll advance legislation on the issue. The state's Department of Financial Services already regulates debt collectors.

But Cuomo says the department has limited authority to require debt collectors to appear before administrative hearings or resolve consumer complaints.

An inquiry was sent to the New York State Collectors Association about Cuomo's plan.