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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CFPB’s Proposal for Collection of Decedent Debt: a Misguided Approach
30 August 2016
President of FMA Alliance Shares Experience at Debt Collection SBREFA Hearing
29 August 2016
Creditor Rights Law Firms Well-Represented on CFPB’s Small Business Review Panel
29 August 2016
Small Business Representative Shares Her Thoughts About Yesterday’s Debt Collection SBREFA Hearing
26 August 2016
Massachusetts Jumps into the Active Debt Collection Regulation Pool
25 August 2016
Consumer Relations Consortium Welcomes New Members; Continues Discussions with Consumers
25 August 2016
CFPB Debt Collection Proposals Would Create Problematic New Substantiation Standard
25 August 2016
The “Least Sophisticated Debtor” Is Getting More Sophisticated, And Has An Improved Memory Too
22 August 2016
Industry Gets Favorable Ruling in Debt Collection Envelope Case
18 August 2016
U.S. District Court in California Dismisses TCPA case for Lack of Standing
15 August 2016
GAO Report Says CFPB Small Business Panels Could Be More Effective
15 August 2016
Is Spokeo the Death Knell to TCPA Litigation? Not Really?
15 August 2016
FCC Releases Rules Limiting Federal Government Debt Collection Calls
12 August 2016
Court Affirms Dismissal of Crawford Case for FDCPA ‘Time-Barred’ Proof of Claim, Case Was Itself ‘Time-Barred’
11 August 2016
7th Cir. Deepens Split on FDCPA Liability for ‘Time-Barred’ Claims
11 August 2016
FDCPA Safe Harbor Buried within CFPB Mortgage Rules
11 August 2016
Ninth Circuit Court of Appeals Rules - Failure to Specifically State “This Communication is From a Debt Collector” is Not FDCPA Violation
9 August 2016
FDCPA Case Law Review for July 2016
4 August 2016
Courts Continue to Look for "Actual Harm" in TCPA Cases
4 August 2016
Attorney “Meaningful Involvement” Case Sent Back to District Court
3 August 2016