UCC Article 9: Federal Uniform Commercial Code Article 9 governing secured transactions, which is crucial for the transfer and security interests in accounts
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information
Fair Debt Collection Practices Act (FDCPA): Federal law that limits the behavior and actions of debt collectors who are attempting to collect debts on behalf of another person or entity
Federal Trade Commission Act: Primary federal law governing unfair or deceptive trade practices that may affect account purchases and transfers
Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed
Bank Secrecy Act (BSA): Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering
Anti-Money Laundering (AML) Regulations: Federal regulations designed to prevent the conversion of illegally obtained money into legitimate assets
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive customer data
State UCC Variations: State-specific modifications to the Uniform Commercial Code that may affect account purchase transactions in different jurisdictions
State Debt Collection Laws: State-specific regulations governing debt collection practices and requirements
State Usury Laws: State-specific laws regulating maximum interest rates and related charges that can be applied to debts
State Licensing Requirements: State-specific licensing and registration requirements for entities engaging in account purchase transactions
State Privacy Laws: State-specific regulations governing the protection and handling of personal information
Securities Act of 1933: Federal law governing the registration of securities and preventing fraud in securities transactions, relevant if accounts are securitized
Securities Exchange Act of 1934: Federal law governing secondary trading of securities and establishing the SEC, relevant if accounts are securitized
State Blue Sky Laws: State-specific securities laws regulating the offering and sale of securities to protect investors from fraudulent activities
Dodd-Frank Act: Comprehensive federal law reforming financial regulation and consumer protection in response to the 2008 financial crisis
CFPB Regulations: Consumer Financial Protection Bureau regulations governing consumer financial products and services
E-SIGN Act: Federal law ensuring the legal validity of electronic signatures and records in commercial transactions
