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(Studio) Previous House Banking Committee bill to curb methods of debt collectors passed House, died in Senate Now committee begins again and subcommittee on consumer affairs hears testimony from collectors describing procedures.
REPORTER: Barbara Walters
(DC) [Former collector Hugh WILSON - says key was making debtor fearful and doubtful.] [Gus DeROCCO - cites case of sister's problems with collectors while husband dying of cancer.] Was later revealed husband's debt incurred before marriage and wife not obligated to pay. Is also revealed debt collectors not stingy with campaign contributions.
REPORTER: Tim O'Brien
- O'Brien, Tim;
- Walters, Barbara
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