Oct 3, 2024 · Many consumers pay collectors money they do not owe and fall deeper into debt, while others suffer invasions of their privacy, job loss, and domestic instability. The FTC enforces the Fair Debt Collection Practices Act (“FDCPA”), which prohibits deceptive, unfair, and abusive debt collection practices.

The Fair Debt Collection Practices Act spells out rights and responsibilities when collecting debts. Here's where you can find the complete text of the law. Related Blog Posts

That means debt collectors can't use abusive language, threaten violence, or harass you. Or call you before 8:00 in the morning or after 9:00 at night. They can't lie or pretend to be someone they're not. I'm an attorney and we'll take legal action if you don't pay this debt right away. Or get you to pay a debt that doesn't even exist.

(F) any person collecting or attempting to collect any debt owed or due or asserted to be owed or due another to the extent such activity (i) is incidental to a bona fide fiduciary obligation or a bona fide escrow arrangement; (ii) concerns a debt which was originated by such person; (iii) concerns a debt which was not in default at the time it ...

The official website of the Federal Trade Commission, protecting America’s consumers for over 100 years.

Sep 5, 2024 · The Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activities to protect consumers in the debt collection arena. The summary is used by CFPB in its annual report to Congress on the activities of both agencies, which share law enforcement responsibility in this area.

Under this Act (Title VIII of the Consumer Credit Protection Act), third-party debt collectors are prohibited from using deceptive or abusive conduct in the collection of consumer debts incurred for personal, family, or household purposes.

Debt Collection The companies and people listed below are banned, by federal court orders, from participating in the business of debt collection. Click “View case” for information about the lawsuit that resulted in the ban, including press releases and links to the legal complaints.

Protecting Consumers in Debt ) Collecting Proceedings, P094806 ))) ACA INTERNATIONAL'S COMMENT REGARDING PROTECTING CONSUMERS IN DEBT COLLECTING PROCEEDINGS, P094806 . FILED SEPTEMBER 1, 2009 . Rozanne M. Andersen, Esq. Andrew M. Beato, Esq. Valerie Hayes, Esq. Stein, Mitchell & Muse, LLP ACA International 1100 Connecticut Avenue, N. W. 4040 W ...

Nov 4, 2024 · The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions.