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Bookmark or Share- What laws limit what debt collectors can say or do?The FDCPA covers the collection of debts that are primarily for personal, family, or household purposes. It doesn’t cover business debts, and it also doesn’t generally cover collection by the original creditor or business you owed money to. Under the FDCPA, debt collectors can include collection agencies, debt buyers, and lawyers.
- Debt collection - Consumer Financial Protection BureauUnderstand how the CFPB’s Debt Collection Rule can help you. On November 30, 2021, the Debt Collection Rule became effective. The rule clarifies how debt collectors can communicate with you, including what information they’re required to provide you. Learn more about the new debt collection rule
- Understand how the CFPB’s Debt Collection Rule impacts youThe Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from repeatedly or continuously calling you with the intent to harass, oppress, or abuse you. Under the Debt Collection Rule , collectors are presumed to violate the law if they place a telephone call to you about a particular debt:
- Debt Collection - Federal Trade CommissionBecause certain practices that violate the FDCPA also violate the FTC Act, the FTC also uses the FTC Act to halt unfair or deceptive debt collection practices. The FTC has sued over 30 debt collection companies for violating the law, banning some from the business and making them pay steep financial penalties.
- How to respond when a debt collector contacts you in three easy stepsReceiving a call from a debt collector can be stressful. Your first instinct may be to hide or ignore the situation and hope it goes away. But that can make things worse. We have resources to help you respond to debt collectors. 1. First, know your rights. There are laws that restrict what debt collection can say or do.
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