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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Debt Collection Bill Giving Florida AG More Authority Heads to Governor for Signature
29 April 2010
LiveVox Announces 100% Call Recording with Dynamic Retrieval
28 April 2010
Debt Settlement Industry Heads To Congress to Debate the Legitimacy of Debt Settlement
27 April 2010
FDCPA and Other Consumer Rights Lawsuit Statistics for April 1-15
27 April 2010
Financial Reform Blocked in Senate...For Now
27 April 2010
Obama Warns that Without Change the Financial Crisis will be Repeated
23 April 2010
FTC Testifies About Continuing Efforts to Protect Consumers from Deceptive Debt Relief Scams
23 April 2010
Significant Actions Taken at CAC?s 2010 Legal and Legislative Conference
23 April 2010
U.S. Supreme Court Rules Against Debt Collector in FDCPA Case
22 April 2010
Appeals Court Ruling in Debt Buying FDCPA Case ?All Over the Map?
22 April 2010
ABA Letter Details Negative Impact of Financial Reform Bill on Community Banks
20 April 2010
WV AG Sues to Stop Credit Collections Defense Network's Deceptive Debt Settlement Business
20 April 2010
Appeals Court Sides with Collection Lawyer in Garnishment Case
20 April 2010
Mass. AG Shuts Down Payday Lender; Halts Collection Activities
16 April 2010
NYC Mayor Bloomberg Signs Legislation Enhancing the Regulation of Process Servers
15 April 2010
House Passes ACA-Supported Gramm-Leach-Bliley Reforms
15 April 2010
Collection Agency Reaches $400,000 Settlement with Ohio AG
13 April 2010
Monthly FDCPA Litigation Statistics for March
12 April 2010
FDCPA and Other Consumer Rights Lawsuit Statistics for March 16-31
8 April 2010
FTC Charges Payday Lender in Debt Collection Scheme
8 April 2010