The Federal Trade Commission staff will host a workshop on October 10-11, 2007, to explore changes in the debt collection industry and examine their impact on consumers and businesses. The event is free and open to the public, and there will be no pre-registration. The workshop will bring together consumer advocates, industry representatives, state and federal regulators, and others with relevant expertise to provide information on a range of issues, including the effects of technological, economic, and legal changes on the debt collection industry and whether the Fair Debt Collection Practices Act (FDCPA) and other laws have kept pace with the developments.
The FTC staff invites interested parties to participate by submitting comments or original research by the dates specified below.
- Webcast Archive
- Agenda [PDF]
- Speaker Biographies [PDF]
- Opening Remarks by Chairman Deborah Platt Majoras [PDF]
- Workshop Description and Questions for Comment
- [Press release - April 23, 2007] [Press release - September 19, 2007] [save-the-date]
- Public Comments
FILING A COMMENT
As announced at the workshop on October 10, the deadline for supplemental comments regarding debt collection practices is Friday, November 9, 2007. Comments should be captioned "Debt Collection Workshop - Supplemental, P074805" and should be submitted according to the instructions below.
- To File Comments or Original Papers Electronically:
- Follow the instructions and fill out the form at https://secure.commentworks.com/FTC/debtcollectionworkshop.
- To File Comments or Original Papers in Paper Form:
- Include “Debt Collection Workshop - Supplemental - P074805,” both in the text and on the envelope, and mail or deliver to the following address: Federal Trade Commission/Office of the Secretary, Room H-135 (Annex N), 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. Because postal mail in the Washington area and at the Commission is subject to delay, please consider submitting your comments in electronic form, as prescribed above. The FTC is requesting that any comment filed in paper form be sent by courier or overnight service, if possible.
- To Request Confidential Treatment:
- You must file in paper form and clearly label the first page of the document with “Confidential” and comply with Commission Rule 4.9(c).
Debt Collection FAQs: A Guide for Consumers
Answers commonly asked questions about your rights under the Fair Debt Collection Practices Act, which requires that debt collectors treat you fairly and prohibits certain methods of debt collection.
- Knee Deep in Debt
If you or someone you know is in financial hot water, consider these options: realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy. Tips on getting back in the black.
- How to Dispute Credit Report Errors
Explains how to dispute and correct inaccurate information in your credit report. Includes a sample dispute letter.
- Time-Barred Debts
Offers information on debt collection practices as they relate to debts that are past the statute of limitations.