The Fair Debt Collection Practices Act (FDCPA) was enacted in 1977 to protect consumers from abusive, unfair, and deceptive practices by third-party debt collectors. The law details when and how a collector may contact a debtor. The government enforcer of the law has historically been the Federal Trade Commission (FTC), but some regulatory duties may be shared with the Bureau of Consumer Financial Protection housed within the Federal Reserve, created in 2010. The FDCPA is a strict civil liability law, which means that a consumer need not prove actual damages in order to claim statutory damages of up to $1,000 per violation plus reasonable attorney fees.
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Can the CFPB Make Debt Collectors Reveal their Privileged Documents?
21 February 2012
insideARM.com on Forbes: Michael Klozotsky on Debt Collectors as "Chopped" Liver
21 February 2012
Pennsylvania = Freedom! for Credit Card Defaulters
21 February 2012
LA Times Looks at the CFPB's New Role Over Larger Collection Agencies
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ACA's Pat Morris Takes on USA Today. Who Won?
17 February 2012
FDCPA Suits Jump in Second Half of January
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Turn Around, Bright Eyes: Chase Bank Slows Down Consumer Lawsuits
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Senator Joins Bill Bartmann in Collection Industry Crusade
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What You Can Do, Right Now, to Help the Collections Industry
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NCO Settles Debt Collection Action with 19 States
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Getting Ready for the DBA Conference
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WebRecon to Transform, Begin Verifying Litigant IDs and Tracking Pre-Litigation Demands
31 January 2012
The Limits on Direct and Vicarious Liability Under the FDCPA
31 January 2012
Asset Acceptance to Pay $2.5 Million in Settlement with FTC Over Time-Barred Debt
30 January 2012
Kiwi Hell's Angel Not Great At Following Rules, Society
27 January 2012
FDCPA Lawsuits Fall Again in First Half of January
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Debt Collection Compliance and State Chain of Title Requirements
25 January 2012
Collection Letter Mass Mailing Errors and Other Crisis Responses
23 January 2012
FDCPA Lawsuits Set Another Record in 2011
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FDCPA Lawsuits Flat in First Half of December
28 December 2011