Fair Debt Collection Practices Act (FDCPA) examination procedures

Share This Post


The Fair Debt Collection Practices Act (FDCPA), which became effective March 20, 1978, is the main federal law that governs debt collection practices. The FDCPA prohibits debt collection companies from using abusive, unfair or deceptive practices to collect debts. The Dodd-Frank Act granted rulemaking authority under the FDCPA to the CFPB and, with respect to entities under its jurisdiction, granted authority to supervise for and enforce compliance with the FDCPA.

The FDCPA and Regulation F, among other things:

  • Set limitations for debt collectors’ acquisition of location information and communications in connection with debt collection;
  • Prohibit harassment or abuse, false or misleading representations, and unfair practices;
  • Prohibit certain other practices;
  • Create a procedure for the validation of debts and a model form to notify a consumer of a debt;
  • Set requirements for the sending of required disclosures, including disclosures sent electronically; and
  • Require record retention.

Official news published at https://www.consumerfinance.gov/compliance/supervision-examinations/fair-debt-collection-practices-act-fdcpa-examination-procedures/

Images courtesy of PixaBay

Related Posts

GAST Clearwater Appoints Dick Anderson to Its Board of Directors

Dick Anderson - GAST Clearwater Board AUSTIN, Texas, March 28, 2023 (Newswire.com) - GAST Clearwater, a next-generation water treatment company, artifi...

Home Equity is at Record High Levels Right Now. What You Should Know.

NEW YORK, March 28, 2023 (Newswire.com) - Credello: You may know the term "home equity" if you're a homeowner. This means the unencumbered interest that you o...

The National Center for Women & Information Technology Announces the 2023 Harrold, Notkin, & Cohoon Award Recipients

Dr. Patricia Morreale (L) and Dr. Mary Lou Maher (R) Dr. Patricia Morreale (L) and Dr. Mary Lou Maher (R) BOULDER, Colo., March 28, 2023 (Newswire.com) - ...

Credit Score Requirements for Home Improvement Loans

NEW YORK, March 28, 2023 (Newswire.com) - OneMain Financial: Homeowners use several forms of financing to make renovations or updates to their homes, includin...

Range Sports Acquires Sports Media Rights Advisory Firm Claygate Advisors

Latest Additions to Industry-Leading Sports Practice LOS ANGELES, March 28, 2023 (Newswire.com) - Range...
green agriculture project
- Part of VUGA Media group -best seo company