The Wall Street Journal is reporting that new Federal Trade Commission (FTC) proposals addressing debt collectors attempting to collect on debts of deceased borrowers may backfire by allowing debt collection agencies to pursue surviving relatives and associates of deceased debtors. (debthelp.com)
Consumer advocates are concerned that the FTC proposal does not provide for legal action or other sanctions against debt collectors that «step over the line» in attempting to collect debts incurred by deceased borrowers. (debthelp.com)
Update: The New Jersey government has now passed a law to forgive the debt of deceased borrowers. (studentloans.net)