Fair debt collection broadly refers to regulation of the United States debt collection industry at both the federal and state level. At the Federal level, it is primarily governed by the Fair Debt Collection Practices Act (FDCPA). In addition, many U.S. states also have debt collection laws that regulate the credit and collection industry and give consumer debtors protection from abusive and deceptive practices. Many state laws track the language of the FDCPA, so that they are sometimes referred to as mini-FDCPAs.
Read more about Fair Debt Collection: State Regulation
Famous quotes containing the words fair, debt and/or collection:
“whence such fair garments, such prosperi-ty?’—
‘O didn’t you know I’d been ruined?’ said she.”
—Thomas Hardy (1840–1928)
“I have been told, that in some public discourses of mine my reverence for the intellect has made me unjustly cold to the personal relations. But now I almost shrink at the remembrance of such disparaging words. For persons are love’s world, and the coldest philosopher cannot recount the debt of the young soul wandering here in nature to the power of love, without being tempted to unsay, as treasonable to nature, aught derogatory to the social instincts.”
—Ralph Waldo Emerson (1803–1882)
“The society would permit no books of fiction in its collection because the town fathers believed that fiction ‘worketh abomination and maketh a lie.’”
—For the State of Rhode Island, U.S. public relief program (1935-1943)