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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Perfect Storm Coalesces as Division of Banks, Debt Buyers and Consumer Lawyers Await Decision in Massachusetts
16 January 2018
Debt Collection Activity Alone Does Not a Debt Collector Make, According to Northern District of Illinois
10 January 2018
Collection Boot Camp: The Red Flags Rule and Debt Collection (sponsored)
8 January 2018
Bringing Common Sense to Collections
4 January 2018
E.D.N.Y. Rips Into Plaintiffs’ Bar on Reverse Avila Claims
21 December 2017
FDCPA Caselaw Review for November 2017
21 December 2017
The Keys to Managing Regulatory Change
20 December 2017
Northern District of NY Agrees with Debt Collector: Pre-Judgment Interest Does Not Trigger Avila Disclosure Requirements
19 December 2017
Over 3/4ths of Industry No Longer Charges Convenience Fees, Study Finds
14 December 2017
Richard Cordray Makes Run for Ohio Governor Official
6 December 2017
BREAKING NEWS: Industry-Friendly Decision in VoIP Case
30 November 2017
Voice over Internet Protocol - Yesterday, Today and Back to Yesterday
30 November 2017
Dept. of ED's 21st Century Student Loan Plans Will Require CFPB Action
30 November 2017
Richardson v. LVNV Funding, LLC and the Dilemma of Unclear Out-of-Stat Requirements
28 November 2017
FDCPA Case Law Review for September and October 2017
22 November 2017
California Court Dismisses Action for Lack of Jurisdiction Pursuant to Spokeo
16 November 2017
Another Industry Win in the Battle Over Interest Disclosures in Second Circuit
14 November 2017
Illinois Court Finds Adding Collection Costs Pursuant to Underlying Contract Does Not Violate FDCPA
13 November 2017
FTC Accuses Debt Collector of Deceitful Tactics
9 November 2017
CFPB Consumer Advisory Board Addresses Debt Collection; Samet Changes the Conversation
6 November 2017