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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Weltman, Weinberg & Reis Co., LPA Associates Recognized As Ohio Rising Stars
11 January 2010
Optio Solutions and Interbill to Provide Collection Tools to Attorneys
11 January 2010
Two State Attorneys General Take Action on Debt Collection Agencies
11 January 2010
FDCPA Statistics Provided by WebRecon
8 January 2010
Debt Collection Supervisors Settle FTC Charges
8 January 2010
ARM Leader Poised to Start New Chapter as Bankruptcy Court Judge
7 January 2010
Cogent Welcomes the Law Offices of Derrick E McGavic
6 January 2010
FTC Orders Buyers of Consumer Debt to Submit Information for Study of Debt Purchasing Industry
6 January 2010
Senate Passes Health Care Bill; Reconciliation Will Bear Final Benefits
24 December 2009
A New Era Dawning in the ARM Industry
23 December 2009
FDCPA and Other Consumer Rights Lawsuit Statistics, December 1-15, 2009
22 December 2009
Supreme Court Cases Could Have Significant Impact on ARM Industry
17 December 2009
Lawsuit Filed Against Portfolio Recovery Regarding Unfair Arbitrations
17 December 2009
ARM Group Moves Fight to Senate After House Approves Sweeping Regulatory Change
16 December 2009
Settlement Reached with Bank of America in Case Accusing Credit Card Companies of Colluding on Arbitration Terms
16 December 2009
It Wasn?t a Collection Agency that Caused His Death, CNN
15 December 2009
NCO Group Backs Out of Deal to Acquire Legal Collector Axiant
9 December 2009
FDCPA Law Suits for the Collection Industry
9 December 2009
U.S. Supreme Court Oral Arguments Scheduled for FDCPA Case
8 December 2009
Lots of Ideas at Final FTC Panel on FDCPA Reform
7 December 2009