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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Tax Exempt Hospitals Back On IRS, Senate Radar

23 July 2007

IRS Collection Program Threatened in both House and Senate

18 July 2007

Subprime Market Seeing Greater Regulations

16 July 2007

Subprime Fallout Widens

11 July 2007

India Gives Multinationals a Tax Break

10 July 2007

Embattled Collection Agency Apparently Shuts Down; Owner Skips Town

9 July 2007

Anti-Money Laundering Spending Up 71% at North American Banks

9 July 2007

Maine Begins Financial Literacy Program for Students

6 July 2007

State AG Suing Collection Agency for $1.3 million

3 July 2007

Connecticut?s Health Plan For Uninsured Adults Moves Forward

2 July 2007

Fed Holds Rates Steady After Meeting

29 June 2007

Regulators Crack Down On Subprime Home Loan Practices

29 June 2007

UK Credit Regulator Floats Credit License Rules

27 June 2007

New York Licensing Proposal Dead in the Water for Now

26 June 2007

Montana AG and Regional BBB Warning Businesses on Debt Collection Scam

25 June 2007

Debt Collection Agencies Now Legal in Vietnam

25 June 2007

FTC Shuts Down Scammers Posing as Debt Collectors

25 June 2007

New York Bill would Require Collector Licensing

25 June 2007

South African Collection Industry Growing; Now 12,000 Collectors

22 June 2007

State Bill would Ban Universal Default in New York

22 June 2007

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