Consumers to see new protections from debt collectors as new law takes effect on September 1, 2020

Legislators, consumer groups to hold press conference highlighting law preventing debt collectors from emptying accounts

August 24, 2020

SACRAMENTO ­– Help is on the way for Californians in debt who are seeking to protect the last of their meager savings, as a new law barring collectors from zeroing out a debtor’s account goes into effect on September 1.

State Senator Bob Wieckowski (D-Fremont) successfully authored Senate Bill 616, which was signed by Governor Newsom last year. The law prevents debt collectors from seizing the last $1,788 in a person’s account. It will enable people to hold on to some funds to cover day-to-day expenses rather than become penniless. The law is supported by advocates for low-income consumers, legal aid providers and statewide progressive organizations who know it is needed now more than ever given the pandemic-induced, economic collapse.

“Families are hurting and wondering how they are going to survive financially,” Wieckowski said. “Having this law in place will give them some badly-needed security in these tough times.” 

Wieckowski and the law’s supporters are holding a Zoom Press Conference to highlight the law going into effect.

WHO: Senator Bob Wieckowski, Jessica Bartholow (Policy Advocate, Western Center on Law and Poverty), Ted Mermin (Director, California Low- Income Consumer Coalition), Sharon Djemal (Director, Consumer Justice Clinic, East Bay Community Law Center),   Marisabel Torres (Co-Chair, Californians for Economic Justice)

WHAT:  Press Conference on debt collection law going into effect on September 1, 2020

WHERE: Zoom. (Email jeff.barbosa@sen.ca.gov for link)

WHEN:   8:30 a.m., Tuesday, August 25, 2020