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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FCC Announces Anticipated Renewal Of Its Consumer Advisory Committee And Solicits Applications For Membership On The Committee
15 June 2016
Federal Judge Rules in Favor of Debt Buyer in FDCPA Entrapment Case
13 June 2016
New Credit Bureau Reporting Requirements for Debt Collection Agencies and Debt Buyers Become Effective This Week
13 June 2016
insideARM First Party Summit for Credit Grantors and Call Center Providers
8 June 2016
ABA and CBA Argue FCC Proposed Rule Conflicts with Congressional Intent
7 June 2016
CFPB Files Lawsuit Against Payment Processor and Executives
7 June 2016
FDCPA Case Law Review for May 2016
7 June 2016
House Financial Services Committee Chairman to Unveil Details on Plan to Replace Dodd-Frank
1 June 2016
Debt Collection Lawsuits Revisited: Seventh Circuit Rules Collectors Not Required To Go To Trial
1 June 2016
Podcast: Do Consumers Need to Show "Concrete" Injury to Sue Debt Collectors?
26 May 2016
Eleventh Circuit Court of Appeals Determines that a “Debt Collector” filing a Bankruptcy Court Proof of Claim on a Time-Barred Account is an FDCPA Violation
25 May 2016
Maryland Debt Collection Litigation Bill Signed Into Law
24 May 2016
Baltimore Jury Delivers $38 Million Verdict in Debt Collection Case
23 May 2016
Another Extension for the CFPB Debt Collection Rulemaking Process
23 May 2016
Appeals Court Affirms that FDCPA Does Not Require Debt Collector Intent to Proceed to Trial When Filing Lawsuit
20 May 2016
FTC Warns Industry to Have Robust Credit Reporting Policies and Procedures
19 May 2016
Consent Order Compliance: Navigating The CFPB’s Unofficial “Rules” Governing Debt Collection
19 May 2016
The Senate Takes a Close Look at the TCPA
19 May 2016
New Georgia Wage Garnishment Law Takes Effect
18 May 2016
How Spokeo May Limit Consumer Financial Services Litigation
18 May 2016