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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Utilizing Your Collection System to Support and Document your Compliance Strategy
22 January 2014
ACA International Seeks Clarity on TCPA Issues in FCC Comments
22 January 2014
Manage Consumer Complaints with Persolve's President at 17th Annual DBA International Conference
22 January 2014
What is a Collection Complaint?
21 January 2014
Four New Year's Resolutions for ARM Agencies to Consider
21 January 2014
LiveVox CMO to Address Regulatory Developments at DBA 2014
21 January 2014
Sallie Mae Braces for $70 Million Hit from CFPB, Federal Regulators
21 January 2014
IRS Will Enforce Proposed Medical Debt Collection Regulations
17 January 2014
TeleCheck and Collection Agency Settle FCRA Charges for $3.5 million
17 January 2014
Landmark FDCPA Victories Finally Limit "Least Sophisticated Consumer" Standard
16 January 2014
ACA, HFMA Release Final Best Practices for Medical Debt Collection
15 January 2014
Federal Court Rejects Challenge to CFPB's Constitutionality
15 January 2014
Another Bank Official Pleads Guilty in Collection Agency Bribery Case
14 January 2014
CFPB Extends Deadline for Comments on its Debt Collection Rulemaking Proposal
14 January 2014
New Technology and Compliance Solutions for Debt Collection Robo-Calls
14 January 2014
New York Times Explores CFPB’s Next Moves, Including Debt Collection
13 January 2014
California Judge Pushes Forward Consolidated TCPA Action Against Debt Buyer
10 January 2014
State AG Sues Another Debt Buyer Over DDA Account Collection
9 January 2014
ACA Submits Amicus Brief to U.S. Supreme Court In Case Challenging Plaintiff’s Standing to Sue When No Actual Damages Are Suffered
8 January 2014
California Lawsuit over Chase's Debt Collection Practices is Still On
8 January 2014