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).
Filter by Location
Covered Bond Market to be Expanded to Fund Mortgages
29 July 2008
Collection Lawyers, Judges and Debtor Advocates Discuss Changes in Legal Collection Rules
28 July 2008
Federal Grand Jury Investigating Three Mortgage Lenders
25 July 2008
U.S. House Approves Mortgage Bill to Protect Fannie and Freddie
24 July 2008
Mortgage Meltdown: Next Steps Coming Soon in Rescue of Fannie, Freddie
22 July 2008
Seattle-based Health Care Provider Fined $100,000 for HIPAA Violations
21 July 2008
Bernanke References Credit Card Reform in House Testimony
17 July 2008
Minnesota Attorney General Files Suit Against Debt Collection Agency
16 July 2008
Fraud Trial of Healthcare Receivables Buyer Executive Pushed Back Two Months
15 July 2008
Government Seizes Control of IndyMac and its $32 billion in Assets
14 July 2008
FDCPA Ruling Reinforces Debt Collectors? Obligation to Check Client Information
11 July 2008
Government Looking at Takeover of Fannie, Freddie: Reports
11 July 2008
One Bad Apple Don?t Spoil the Whole Bunch
10 July 2008
New Group Launches $40 million Nationwide Health Care Reform Campaign
9 July 2008
Proposed FASB Accounting Changes Aimed at Credit Card Issuers
8 July 2008
Collection Agency Owner Faces 10 Years for Stealing from Client
7 July 2008
Compliance Coach Identifies 11 New Identity Theft Red Flags that Show Business Accounts are at Risk
3 July 2008
Rhode Island?s Registration Requirements In Force
2 July 2008
National Century Convict On the Run
2 July 2008
Intrum Justitia's Norwegian Subsidiary Regains Collection License
1 July 2008