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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Filing a TCPA lawsuit? There's an App for that
27 April 2015
BBB Issues Warning on Debt Collection Scams/Fake Collectors
27 April 2015
FTC Launching Series of Live "Dialogues" with Debt Collection Industry; New York Up First
24 April 2015
Consumer Attorney Says CFPB Regulation Should be All About the Money
23 April 2015
CFPB and FTC Settle Debt Collection Charges with Mortgage Servicer for $63 million
22 April 2015
Circuit Court Revives FDCPA Suit Over Collection Law Firm's Actions
21 April 2015
Big Jump in Debt Collection Complaints in March Drives Record First Quarter in CFPB Data
20 April 2015
ARM-U Reconfigured as Free Online Collection Compliance and Operations Event
20 April 2015
TransUnion Partners with Global Debt Registry to Offer Registry Services for Debt Buyers and Financial Institutions
20 April 2015
State Legislature Committee to Consider Strict Debt Buyer Bill After Industry Input
17 April 2015
Executive Change: Hudson Cook, LLP Adds Trisha Cacciola as Partner
17 April 2015
Ontario Systems Announces Larger Market Participant Summit Sponsorship
17 April 2015
NY AG Settles with Major Debt Buyer Over Collection Lawsuits
16 April 2015
House of Representatives Votes to Make CFPB Meetings Transparent...and Useless?
16 April 2015
TCPA Compliance Frequently Asked Questions
16 April 2015
CFPB Finalizes Rule Aimed at Improving Credit Card Agreement Submission Process
16 April 2015
DBA International Offers Webinar on Understanding the New Risks in the Bankruptcy Claim Process
16 April 2015
FTC's Settlement with Two Debt Portfolio Brokers a Continuation of a Trend in ARM Industry
14 April 2015
FTC and State AG Team Up on Fake Debt Collection Agency in Illinois
13 April 2015
What Are Collection Agencies Doing About Due Diligence?
9 April 2015