Fair Debt Collection Practices Act (FDCPA): Federal law that prohibits deceptive, unfair, and abusive debt collection practices. Requires specific disclosures, regulates communication methods and timing, and sets rules for debt validation.
Federal Trade Commission (FTC) Guidelines: Regulatory guidelines that establish requirements for clear communication, prohibition of threatening or harassing language, and rules about misrepresentation in debt collection.
State-Specific Collection Laws: Individual state laws that may impose additional requirements, including varying statutes of limitations and state-specific disclosure requirements for debt collection.
Consumer Financial Protection Bureau (CFPB) Regulations: Federal regulations providing oversight and specific requirements for debt collection communications and practices.
Fair Credit Reporting Act (FCRA): Federal law governing rules about credit reporting, accuracy requirements, and consumer rights regarding credit information in debt collection.
Gramm-Leach-Bliley Act: Federal law establishing privacy requirements and security standards for consumer financial information in debt collection processes.
Mini-Miranda Warning Requirement: Mandatory disclosure that must be included in all collection communications stating that the communication is from a debt collector attempting to collect a debt.
30-Day Validation Notice Requirement: Mandatory notice informing consumers of their right to dispute the validity of the debt within 30 days of receiving the initial communication.
