These companies and people are banned, by federal court orders, from participating in the business of debt collection.
The Fair Debt Collection Practices Act protects consumers from abusive or harassing treatment by debt collectors and establishes guidelines for the industry. Is your company complying with the law?
For debt buyers and sellers, keeping sensitive information secure should be business as usual. The FTC has seven tips for members of the industry to help reduce the risk of unauthorized disclosure.
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.
October 15, 2014