EDCAA seeks to revalue the $1000.00 penalty into today’s dollars based on the Consumer Price Index. This provision would recalculate the $1000.00 into 2012 dollars. Thereafter, EDCAA will permit the Consumer Price Index to control further movement in the FDCPA penalty.
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Consumer Protection Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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