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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State AG Reaches Settlement with Payday Lenders; Agreement Nets $305,000 in Refunds

23 July 2010

New Financial Regulatory Law to Impact the Debt Collection Industry

23 July 2010

Finance Bill Creates Power Sharing, FDCPA Reform Dilemma in Gov't

22 July 2010

Getting Your Legal House in Order

21 July 2010

Collection Agency Owner Pleas Guilty in Medicaid Fraud Scam

20 July 2010

National Consumer Law Center Releases Report on Debt Collection Abuses

16 July 2010

?You?re with us or against us,? FTC Commissioner Tells ARM Industry

15 July 2010

Unlicensed Utah Collection Agency Settles with Idaho Department of Finance

15 July 2010

ABA Issues Detailed Analysis of Financial Regulatory Reform Bill

14 July 2010

FTC Commissioner Presents Debt Collection Report to ARM Industry

13 July 2010

DialConnection Partners with PossibleNOW to Provide Wireless List Management Services to Collection Organizations

9 July 2010

FDCPA and Other Consumer Rights Lawsuit Statistics, June 16-30

9 July 2010

New Colorado Collection Agency Requirements Misguided, Say ARM Leaders

9 July 2010

FDCPA Rulemaking Authority Part of Financial Reform Bill

7 July 2010

State AG Sues Debt Collector for Ignoring Collection Ban

6 July 2010

FDCPA Plaintiff Attorney Suspended from Practicing Law by State

2 July 2010

FTC and States Poised to Crackdown on Rogue Debt Settlement Firms

1 July 2010

TransUnion Offers Two Options to Help Industry Meet Risk-Based Pricing Requirements

30 June 2010

Judge Throws Out State AG Case Against Debt Buyer

30 June 2010

FDCPA and Other Consumer Rights Lawsuit Statistics, June 1-15, 2010

27 June 2010