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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EDNY: Avila and NYDFS Requirements Collide
12 March 2018
Creditors Should Build Trust in Collections by Saying 'Goodbye'
8 March 2018
FDCPA Caselaw Review for January 2018
8 March 2018
Collection Industry Requests Guidance from Mass AG Regarding Longstanding Interpretation of Validation Requirements
1 March 2018
CFPB Advisory Committee Meets; Emphatic Agreement that Debt Collection Rules are Needed
1 March 2018
E.D.N.Y.: Collection Agency Can Enforce Arbitration Clause of Underlying Credit Agreement
28 February 2018
Church Provides No Sanctuary: Sixth Circuit’s FDCPA Decision May Breathe New Life into TCPA Spokeo Arguments
22 February 2018
Maryland Court Finds Mini-Miranda Not Necessary on Certain Consumer-Initiated Calls
21 February 2018
‘A Convenient Truth: Convenience Fees and Compliance’ Available Now from BillingTree
21 February 2018
Debt Collectors Hoping For Relief from Courts on Collection Letter Claims May Soon Get Clarity (podcast)
20 February 2018
N.D. Illinois Makes Reasonable Ruling on Interest Disclosure Requirements
15 February 2018
Regulatory Reform Panel Raises Important Discussion
14 February 2018
New Jersey: Including a Phone Number on Initial Letter Does Not Violate the FDCPA
6 February 2018
Congress Holds Fintech Hearing; 77 Million in Collections Left Out of Discussion
1 February 2018
SCOTUS: State Statute of Limitations Pauses for Federal Court
29 January 2018
7th Cir. Holds Debt Collector Violated FDCPA Despite Using Miller Safe Harbor Language
29 January 2018
Mulvaney Suggests Debt Collection Rules May Be Coming
24 January 2018
E.D.N.Y. Decides “Settlement May Have Tax Consequences” is an Acceptable 1099C Disclosure
22 January 2018
Committee Meets Today on Bill to Exempt Lawyers from FDCPA
17 January 2018
FDCPA Caselaw Review for December 2017
17 January 2018