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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Hospitals May Have a Case against Slow-Paying Insurers
30 June 2008
ABA Cautions Congress Against Basing Student Credit Card Policy on Anecdotes
27 June 2008
US House Passes Gramm-Leach-Bliley Relief for Debt Buyers
26 June 2008
Supreme Court Rules that Collectors Can Sue on Behalf of Pay Phone Operators
24 June 2008
Connecticut Marshals Gross Big Bucks as Foreclosures Grow
23 June 2008
Suit Charges Hospital and its Collection Unit with Violating the FDCPA
23 June 2008
Feds Charge 400 in Mortgage Fraud Operation, 2 Hedge Fund Managers Indicted
20 June 2008
House Cuts Funds for IRS Privatization Program
19 June 2008
Regulators to Review $560 million Lindorff Deal by July 16
18 June 2008
Missouri Fines Police Donation Telemarketer $450,000 for Do-Not-Call Violations
16 June 2008
Collectors Face New Law in Colorado, and NY Considers Debtor's Bill of Rights
13 June 2008
FTC To Host Debt Settlement Workshop
12 June 2008
Obama Says Card Issuers Trick Consumers with Unfair Practices
12 June 2008
Feds Name CompuCredit and Collector Jefferson Capital in $200 Million Suit
11 June 2008
Medical Records of 2.2 Million Stolen in Utah
11 June 2008
CompuCredit and Collection Agency Target of $100 million FTC-FDIC Action: Report
10 June 2008
Defendants in Collection Scheme Aimed At Hispanics Settle FTC Charges
9 June 2008
Debt Collection Cases Double in Northern Illinois
9 June 2008
California Restricts Taking of Homes, Properties
6 June 2008
TransUnion Settles Suit with Free Credit Report Monitoring for Select Consumers
2 June 2008