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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Proposed FCC Change to TCPA would Negatively Impact ARM Industry
4 February 2010
Court Decision Raises Questions About Collecting in Validation Period Under FDCPA
3 February 2010
Mark Johnson and Portfolio Recovery Associates, LLC Announce Resolution of Lawsuit
3 February 2010
U.S. Government to Pay $7.4 million in Debt Collection Class Action Settlement
29 January 2010
Four Weltman, Weinberg & Reis Co., LPA Partners Recognized As Ohio Super Lawyers
27 January 2010
Text Messaging As the Next Frontier in Collection Communication
27 January 2010
Accounts Placed with Collection Agencies Set A New Record
27 January 2010
Politicians Still Arguing Over Debt Collection Regulation
26 January 2010
The Commercial Law League of America's Midwestern Meeting and National Convention Kicks Off On April 29
26 January 2010
State Attorney General Goes After Capital One for Debt Collection and Re-Aging
25 January 2010
Renowned Collection Attorney Opens Bedard Law Group, P.C.
25 January 2010
WebRecon Stats on FDCPA and othe Consumer rights Lawsuits
22 January 2010
Appeals Court Rules For Collectors in FDCPA Class Action Case
22 January 2010
Tap Dancing on a Debt Collector?s Grave
20 January 2010
New ACA CEO Lays Out Agenda for ARM Industry
19 January 2010
State Issues Suspension Order to Debt Collector Mann Bracken
15 January 2010
Supreme Court Hears Oral Arguments in FDCPA Case
14 January 2010
Consumers to Benefit from Fed?s Sweeping New Credit Card Rules
13 January 2010
The Dangers of Ignorance and Complacency
12 January 2010
FTC Asking for Detailed Portfolio Information from Debt Buyers
12 January 2010