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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Minnesota Bill to Defer Foreclosure Sales Waits on Gov.?s Signature
29 May 2008
SEC Compels Firms to Include Universal Health Coverage on Shareholder Ballots
29 May 2008
Dell Gets Slapped by New York Over Financing and Debt Collection Practices
28 May 2008
Australia Slaps GE Money?s Debt Collection Practices
22 May 2008
West Virginia AG Announces Settlement with Collector Riddle & Associates
22 May 2008
Judge Denies Rate Hike Due to Health Insurer?s $2.4 Billion Surplus
20 May 2008
NY Attorney General Slaps Another Collection Agency
20 May 2008
USA Today Highlights Increasing Debt Collection Complaints
19 May 2008
Congress Hears Merchants, Networks Battle Over Interchange
16 May 2008
Collector Jailed for Filing False Liens
13 May 2008
FTC Catches Telemarketing Sales Rule Violators
12 May 2008
Keeping the Crooks at Bay: Tips to Avoid the Advance Fee Scam
9 May 2008
Scammers Call You? You Call Us: FBI
9 May 2008
Debt Buyers Make Their Presence Known on Capitol Hill
8 May 2008
Agencies Fighting Back Against Advance-Fee Fraudsters
7 May 2008
Asta Funding Gets Loan from Controlling Stern Family; Shares Tank
2 May 2008
House Passes Student Loan Bill to Ease Credit Limits
2 May 2008
Regulators Propose Credit Card Rule Changes
2 May 2008
Subtle Changes in the Fed Statement Send Significant Signals
1 May 2008
NY Attorney General Fines Buffalo Collection Agency
1 May 2008