Collection Laws and Regulations News RSS Feed

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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Obama Impact on ARM Industry Debatable

11 November 2008

WWR Partner Chuck Pona Admitted to Practice Before U.S. Supreme Court

5 November 2008

NCFE's Poulsen Convicted of Fraud

4 November 2008

Debt Settlement Companies Largely Ignored by Banks

3 November 2008

Banks Line Up for Government Money

28 October 2008

FTC and State Agencies Target 36 'Credit Repair' Operations

27 October 2008

FTC Will Delay Enforcement of 'Red Flags' Rule to May 1

24 October 2008

West Virginia AG to Cancel $6.6 million in Card Debt in Settlement with Debt Buyer

23 October 2008

Oregon Shutters Debt Collection Agency

20 October 2008

$28 Million FTC Settlement with Bear Stearns/EMC Mortgage has Significant Impact on ARM Industry

16 October 2008

Financial Markets React to Intervention; U.S. to Take Stakes in Banks

14 October 2008

Private Student Loans Hard to Get in Credit Crunch

13 October 2008

AIG Gets $37 Billion More From Government

10 October 2008

Global Central Banks Intervene; Fed Cuts Interest Rates

8 October 2008

State AG Sues Florida Telecom Collection Agency

7 October 2008

Financial Bailout Will Hamper Next President?s Health Care Reform Efforts

7 October 2008

Bailout Gives Government 60 Day Ultimatum to Help Homeowners

6 October 2008

Justice Department Settles Capital One Debt Collection Complaint

3 October 2008

Bailout Bill Passes in Senate

2 October 2008

New York Passes Bill to Close Debt Collection ?Loophole?

2 October 2008

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