The Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. ยง 1692 et seq., is a United States statute added in 1978 as Title VIII of the Consumer Credit Protection Act. Its purposes are to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection, and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. The Act creates guidelines under which debt collectors may conduct business, defines rights of consumers involved with debt collectors, and prescribes penalties and remedies for violations of the Act. It is sometimes used in conjunction with the Fair Credit Reporting Act.
Read more about Fair Debt Collection Practices Act: People and Entities Covered By The FDCPA, Prohibited Conduct, Required Conduct, Enforcement of The FDCPA, The FTC & FDCPA
Famous quotes containing the words fair, debt, collection, practices and/or act:
“Celestial Cupid her fam’d son advanc’t,
Holds his dear Psyche sweet intranc’t
After her wandring labours long,
Till free consent the gods among
Make her his eternal Bride,
And from her fair unspotted side
Two blissful twins are to be born,
Youth and Joy; so Jove hath sworn,”
—John Milton (1608–1674)
“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)
“All urbanization, pushed beyond a certain point, automatically becomes suburbanization.... Every great city is just a collection of suburbs. Its inhabitants ... do not live in their city; they merely inhabit it.”
—Aldous Huxley (1894–1963)
“Such is the art of writing as Dreiser understands it and practices it—an endless piling up of minutiae, an almost ferocious tracking down of ions, electrons and molecules, an unshakable determination to tell it all. One is amazed by the mole-like diligence of the man, and no less by his exasperating disregard for the ease of his readers.”
—H.L. (Henry Lewis)
“Predictions of the future are never anything but projections of present automatic processes and procedures, that is, of occurrences that are likely to come to pass if men do not act and if nothing unexpected happens; every action, for better or worse, and every accident necessarily destroys the whole pattern in whose frame the prediction moves and where it finds its evidence.”
—Hannah Arendt (1906–1975)