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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Circuit Court: Collection Letter from Law Firm Demanding Payment Violates FDCPA

16 September 2014

ARM Law Firm Files Motion to Dismiss CFPB's FDCPA Enforcement Action

15 September 2014

Arkansas Supreme Court: Out-of-State Debt Buyers Must be Licensed

15 September 2014

Consumer Group Calls for CFPB Oversight of Medical Debt Collection in Report

12 September 2014

Collection Agency in Visible Account Number FDCPA Case Requests Rehearing

12 September 2014

FTC Staff Provides Comment to CFPB on Mobile Financial Services

12 September 2014

The CFPB Has a Back-to-School Reading List for You

10 September 2014

Regulators Urge Caution and Full Disclosure on Time-Barred Debt Collection

10 September 2014

U.S. Rep. Proposes Sweeping Changes to FCRA, Including Furnisher Mandates

10 September 2014

CFPB Features Consumer Story on Debt Collection Dispute

10 September 2014

BofA Wins Dramatic Attorney Fee Reduction in TCPA/Debt Collection Call Class Action

9 September 2014

Mid-Year Predictions: What to Watch for in the ARM Industry

9 September 2014

Free Webinar Promises World-Class Compliance on a Budget

8 September 2014

Circuit Court Rules Dispute in Writing Not Needed to Sue Under FDCPA

5 September 2014

Resulv Launches Second Free Compliance Tool for Collection Vendors

5 September 2014

CFPB Warns Credit Card Companies on Marketing Interest Rate Promotions

4 September 2014

Consumer Group Blasts ED Student Loan Collectors in Horribly Biased Report

3 September 2014

Hudson Cook, LLP Announces Formation of Group to Address Growing Government Scrutiny of Collection Industry

3 September 2014

Executive Change: Frost-Arnett Taps W. Judd Peak as Corporate Compliance Officer

3 September 2014

Group to Study Uniform State Laws for Debt Buying and ARM Industry

2 September 2014