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 Announces Settles with Business that Ticketed Cars
14 February 2007
Credit Acceptance to Pay $12.5 million to Settle Class Action Suit
13 February 2007
OSI to Pay Nearly $2 million to Settle New Jersey Collection Contract Dispute
7 February 2007
Telemarketer Agrees to Stop Improper Use of Prerecorded Messages
5 February 2007
State Bill would Shield Religious Texts from Debt Collection
5 February 2007
FTC Moves to Shut Down Debt Collection Agency
5 February 2007
State Supreme Court Rules to Keep Judge in Heated Collection Case
2 February 2007
Bank and Collection Agency Get Nailed By Another State AG
1 February 2007
Department of Justice Closes Inquiry Into Experian's VantageScore
31 January 2007
Suit Allowed Over Firm's Role in Debt Collection
31 January 2007
EU Probe Seeks Antitrust Action on Credit Card Fees
30 January 2007
Reps Offer Bill to Block Wal-Mart Bank
30 January 2007
College Loan Fight Looms in Congress for Banks
29 January 2007
Credit Card Stocks Mixed After Hearing
29 January 2007
State Attorney General Goes After Debt Purchaser Arrow
29 January 2007
Merchants Applaud Congressional Hearings on Credit Card Industry
26 January 2007
Lawmakers Renew Attempt to Block Private IRS Collection
26 January 2007
Coalition Warns of Danger in Blocking IRS Collection Plan
26 January 2007
Arkansas AG Proposes Credit Freeze Bill
24 January 2007
Senate Committee to Start Examining Credit Card Industry
24 January 2007