FDCPA: Debt Collection
Federal law requires debt collectors to abide by specific rules when attempting to collect a debt. The law is known as the Fair Debt Collection Practices Act (FDCPA). The FDCPA applies to parties who are attempting to collect a consumer debt for another. For example, a collection agency or law firm attempting to collect a debt for a credit card company is likely subject to the requirements of the FDCPA.
The FDCPA contains a number of requirements for debt collectors. A few of these requirements include: the debt collector may not misrepresent the characteristics of a debt, the debt collector must make certain disclosures when collecting a debt, the debt collector may not harass the debtor and the debt collector cannot discuss the debt with outside parties.
If a debt collector has violated the FDCPA, the consumer may be entitled to compensation and attorney’s fees.