Sunday, April 8, 2012

Fair Debt Collection Practices Act, 2012 Annual Report

Source: Consumer Financial Protection Bureau
From the publication web page:
The Consumer Financial Protection Bureau is pleased to submit to Congress its first annual report summarizing its activities to administer the Fair Debt Collection Practices Act, during the past year. These activities represent the Bureau’s inaugural effort to curtail deceptive, unfair, and abusive debt collection practices in the marketplace prohibited by the FDCPA.
Illegal collection practices cause substantial harm to consumers, who may pay amounts not owed, unintentionally waive their rights, suffer emotional distress, and experience invasions of privacy. Such practices can even place consumers deeper in debt.
Link to full report

1 comment:

Vappu Timonen said...

Very interesting fair debt collection practices act is very helpful for those who really abuse by a debt collector.