John Vines | |
---|---|
Member of the ArkansasHouseofRepresentatives from the 25th [1] district | |
In office January 2011 –January 2017 | |
Preceded by | Gene Shelby |
Succeeded by | Les Warren |
Personal details | |
Born | September 14,1973 |
Nationality | American |
Political party | Democratic |
Residence | Hot Springs,Arkansas |
Education | University of Arkansas University of Arkansas School of Law (JD) |
Profession | Attorney |
Website | vines4staterep |
John T. Vines [2] (born September 14,1973) is an American politician and a former Democratic member of the Arkansas House of Representatives from 2011 to 2017.
Vines earned his bachelor's degree from the University of Arkansas and his JD from the University of Arkansas School of Law.
In 2013 Vines introduced House Bill 2028,"An Act To Regulate The Practices Of Credit Card Issuers;And To Establish The Terms To Be Used In Credit Card Transactions." The Bill "established the terms to be used in credit card transactions",including the legal definition for "creditor" to mean "a person,business,financial institution,or commercial enterprise that owns the credit card account." [6] : 2 The law was voted in by the Senate on April 18,2013,and by the House on April 19,2013. In a Bloomberg Law 2016 article that compared how different states were approaching the "national tidal wave of consumer debt litigation,driven by aggressive junk-debt buyers" Bloomberg reported that H. B. 2028 provided creditors and debt buyers "with a presumption of accuracy in credit card debt cases with a final billing resulting in debt buyers can more frequently "sue the wrong consumer,seek the wrong amount,attempt to collect on debts that have already been paid,file actions on debts barred by the applicable statute of limitation or seek payment on debts previously discharged in bankruptcy." [7]
John Oliver featured a video of Vines introducing the Bill on his twenty-minute segment on Debt Buyers on his June 6,2016 HBO show,Tonight with John Oliver. [8]
A debt buyer is a company,sometimes a collection agency,a private debt collection law firm,or a private investor,that purchases delinquent or charged-off debts from a creditor or lender for a percentage of the face value of the debt based on the potential collectibility of the accounts. The debt buyer can then collect on its own,utilize the services of a third-party collection agency,repackage and resell portions of the purchased portfolio,or use any combination of these options.
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