Debt collectors are regulated by the FTC on the federal level. At the state level, attorneys general are typically responsible for enforcing state and federal laws. A few local governments also separately regulate debt collectors. The laws that govern the ARM industry are civil, meaning that liability is almost always monetary. So a state’s attorney general will not file criminal charges against a debt collector accused of violating the law, rather, he/she will sue for damages. Collection laws include federal and state statutes that govern the proper operation of companies and personnel that work in the debt collection industry. The most comprehensive collection law is the Fair Debt Collection Practices Act (FDCPA). Other federal laws that collectors must follow include the Fair Credit Reporting Act (FCRA), the Telephone Consumer Protection Act (TCPA) and the data security requirements of the Gramm–Leach–Bliley Act (GLBA).
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State Sues Title Lender Over Debt Collection Practices
15 June 2012
Courts Reject FDCPA Claims that Lack Common Sense
14 June 2012
Conservative Watch Dog Group Sues CFPB over Records of Director Richard Cordray's Appointment
13 June 2012
Appeals Court Rules for Collection Law Firm in FDCPA Collection Letter Case
13 June 2012
Data Broker to Pay $800,000 to Settle FCRA Charges
12 June 2012
FDCPA Violation Claims Supported Only by Material Disputes
12 June 2012
ACA International Announces New Government Affairs Staff
12 June 2012
GOP Proposes to Subject CFPB to Congressional Funding
12 June 2012
Commercial Debt Collection Scammer Sentenced to 8 Years in Federal Prison
11 June 2012
ABC News Highlights Fake Debt Collection Agency Operating Out of India
8 June 2012
Debt Collector, Auto Dealer Settle with FTC Over P2P Network Data Breach
8 June 2012
Congress Examines CARD Act's Ability to Repay Provision
7 June 2012
West Virginia AG Announces Settlements with Five Debt Collection Agencies
6 June 2012
State Opinion Deems Sending Collection Letters as the Practice of Law
6 June 2012
Federal Agencies Reach Understanding on Supervisory Coordination Under CFPB
5 June 2012
LiquidEdge to Host Free Webinar on Out-of-Stat Accounts
5 June 2012
ACA International Launches Resource Page for CFPB Developments
4 June 2012
Colorado Announces $14 million in Penalties Against Debt Settlement Firm
4 June 2012
Illinois Attorney General Thinks She Has Fixed Debtor Problem That Doesn't Exist
1 June 2012
FDCPA Lawsuits Fall Significantly in First Half of May; Filings Off Nearly 5% for Year
31 May 2012