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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FDCPA and Other Consumer Rights Lawsuit Statistics for May 1-15
26 May 2010
New Report Exposes Systematic Debt Collection Abuses
26 May 2010
Some Credit Grantors Need to Wake Up!
25 May 2010
Colorado AG Kicks Debt Collection Agency Out of State
24 May 2010
CMS Proposed Rules to Receive Health IT Incentive Payments Too Inflexible, Says 53 Health Care Organizations
21 May 2010
Failure to Include License Number in Collection Notice does not Violate FDCPA
19 May 2010
Maryland Clarifies Licensing Requirements for Debt Purchasers
18 May 2010
Senate Version of Financial Reform Bill Still Holds Danger for ARM Industry
17 May 2010
Your Voice is Urgently Needed on TCPA Reform
13 May 2010
Former Collections Supervisor Indicted on Fraud Charges
12 May 2010
Oregon AG Bans Nation's Largest Debt Settlement Company from Operating in State
12 May 2010
ACA International Calls on Members to Visit Congress En Masse
11 May 2010
The Commercial Law League of America Selects New Board of Governors at Spring Meeting
10 May 2010
Federal Regulatory Reform Hits ARM Industry on Three Fronts
10 May 2010
FDCPA and Other Consumer Rights Lawsuit Statistics for April 16-30
7 May 2010
New York AG Sues Buffalo Lawyer in Debt Collection Probe
7 May 2010
Merlin Mitigating Collection Agency Risk With Litigant Data
5 May 2010
ARM Industry Continues Efforts to Clarify New York City Rules
4 May 2010
Why the Courts are Currently an ARM Battleground
3 May 2010
Asset Acceptance Stays in the Black in the First Quarter; Discloses FTC Action
30 April 2010