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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Death to Foti? Supreme Court to Hear FDCPA Case on Awarding Costs to Defendants
30 May 2012
Senator Al Franken to Hold Hearing on Accretive Impact on Federal Laws
29 May 2012
Large Settlement Announced in TCPA Class Action Against Collection Agency
25 May 2012
Debt Buyers, Collection Agencies: Be Clearer with Your Collection Letters
24 May 2012
Guaranteeing Collection Agency Compliance: A Whitepaper and Webinar
24 May 2012
Consumers or Collection Agencies: Who Are Judges Most Biased Against?
24 May 2012
Mike Ginsberg: First Quarter ARM Legal, Legislative and Regulatory Climate Summed Up
21 May 2012
State Supreme Court Dismisses AG Suit Against Collection Law Firm...Again
18 May 2012
I.C. System Assists in Passing Third Party Collector Licensing Bill in Minnesota
18 May 2012
Circuit Court Rules Against Debt Collector in TCPA Case on Reassigned Cell Number
17 May 2012
No no no: Huffington Post Super Wrong About Collection Agency Story
17 May 2012
Are Debt Collector Phone Messages Illegal?
16 May 2012
FDCPA Lawsuits Pick Up in Second Half of April, Still Lag 2011 Numbers
16 May 2012
Debt Collectors Settle with FTC for $3.1 million
15 May 2012
Accretive Responds to Attorney General, Al Franken
14 May 2012
Judge Rules for Collection Agency in Voicemail Case; Foti Compliance Evolving
14 May 2012
Health Care Debt Collection Draws Attention of Politicians Everywhere
11 May 2012
TV Station Bashes Job Creating ARM Firm
11 May 2012
Outsource? Dropping? What is Accretive's Next Move With its Consumer Debt Collection Arm?
10 May 2012
Do Your New Employees Understand What a Creditor Is?
9 May 2012