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:
“The hand that hath made you fair hath made you good.”
—William Shakespeare (1564–1616)
“They who have been bred in the school of politics fail now and always to face the facts. Their measures are half measures and makeshifts merely. They put off the day of settlement, and meanwhile the debt accumulates.”
—Henry David Thoreau (1817–1862)
“What is all wisdom save a collection of platitudes? Take fifty of our current proverbial sayings—they are so trite, so threadbare, that we can hardly bring our lips to utter them. None the less they embody the concentrated experience of the race and the man who orders his life according to their teaching cannot go far wrong.”
—Norman Douglas (1868–1952)
“They that have grown old in a single state are generally found to be morose, fretful and captious; tenacious of their own practices and maxims; soon offended by contradiction or negligence; and impatient of any association but with those that will watch their nod, and submit themselves to unlimited authority.”
—Samuel Johnson (1709–1784)
“To perceive means to immobilize ... we seize, in the act of perception, something which outruns perception itself.”
—Henri Bergson (1859–1941)