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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9 January 2013

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8 January 2013

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4 January 2013

Bill to Amend FDCPA for Attorneys Introduced in U.S. House

3 January 2013

Exiting WV Attorney General Issues Enforcement Action Filings Against Three Collection Agencies

2 January 2013

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Federal Charges for Debt Collector in Minnesota Case

21 December 2012

Feds Nab Three More in $10 million Collection Agency Fraud

20 December 2012

Mike Ginsberg: My 2013 Predictions for the ARM Industry

20 December 2012

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19 December 2012

CFPB Realigns Supervision Department

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CFPB Begins Sharing Complaints with State Regulators

14 December 2012

Bill Targeting Debt Buyers Advances in New Jersey

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