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 AG Reaches Settlement with Payday Lenders; Agreement Nets $305,000 in Refunds
23 July 2010
New Financial Regulatory Law to Impact the Debt Collection Industry
23 July 2010
Finance Bill Creates Power Sharing, FDCPA Reform Dilemma in Gov't
22 July 2010
Getting Your Legal House in Order
21 July 2010
Collection Agency Owner Pleas Guilty in Medicaid Fraud Scam
20 July 2010
National Consumer Law Center Releases Report on Debt Collection Abuses
16 July 2010
?You?re with us or against us,? FTC Commissioner Tells ARM Industry
15 July 2010
Unlicensed Utah Collection Agency Settles with Idaho Department of Finance
15 July 2010
ABA Issues Detailed Analysis of Financial Regulatory Reform Bill
14 July 2010
FTC Commissioner Presents Debt Collection Report to ARM Industry
13 July 2010
DialConnection Partners with PossibleNOW to Provide Wireless List Management Services to Collection Organizations
9 July 2010
FDCPA and Other Consumer Rights Lawsuit Statistics, June 16-30
9 July 2010
New Colorado Collection Agency Requirements Misguided, Say ARM Leaders
9 July 2010
FDCPA Rulemaking Authority Part of Financial Reform Bill
7 July 2010
State AG Sues Debt Collector for Ignoring Collection Ban
6 July 2010
FDCPA Plaintiff Attorney Suspended from Practicing Law by State
2 July 2010
FTC and States Poised to Crackdown on Rogue Debt Settlement Firms
1 July 2010
TransUnion Offers Two Options to Help Industry Meet Risk-Based Pricing Requirements
30 June 2010
Judge Throws Out State AG Case Against Debt Buyer
30 June 2010
FDCPA and Other Consumer Rights Lawsuit Statistics, June 1-15, 2010
27 June 2010