![]() The FDCPA places various restrictions on debt collection companies. ![]() It also limits which other people the collector is allowed to speak to about the debt. The FDCPA restricts when and how a debt collector can contact a debtor. If a debt collection agency violates the FDCPA, the debtor can sue both them and the individual debt collector involved. ![]() Under the FDCPA, itβs illegal for debt collectors to mislead debtors or use coercive or unfair methods when collecting or attempting to collect money. The Fair Debt Collection Practices Act (FDCPA) is a federal law that places restrictions on how debt collectors can act. What is the Fair Debt Collection Practices Act? ![]() What to do if debt collectors violate the FDCPA: complaints and legal action.Unethical debt collection practices that violate the FDCPA.Other types of communication that are banned under the FDCPA.FDCPA restrictions on how debt collectors can contact you.What is the Fair Debt Collection Practices Act?.The original post is titled Most Common Violations of the Fair Debt Collection Practices Act, and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa. The FTC and CFPB take these complaints seriously and strongly encourage consumers to stand up for their rights and file any complaints they may have. If you believe that you have suffered from abusive creditor practices, the FTC and the Consumer Financial Protection Bureau (CFPB) have toll-free numbers, as well as online forms, through which consumers can file complaints. Failure to send the consumer a written notice of the debt β More than 26 percent of all reported FDCPA violations were related to creditors failing to send debtors a written notice of the debt, which should legally include the official name of the creditor, the amount of debt owed and a notification that the debtor has the right to dispute the debt in question.About 8 percent of these claims involved creditors allegedly demanding excessive, illegal interest, fees or other expenses. Demands for monetary amounts that are not contractually legal β Nearly 40 percent of all reported FDCPA violations involved creditors who were trying to collect monetary amounts that were greater than the amount that the debtor actually owed.While about 14 percent of all FDCPA violation reports alleged that creditors used profane or abusive language when attempting to collect a debt, nearly 10 percent of these claims were related to creditors calling debtors between 9 P.M. Harassment of the debtor by the creditor β More than 40 percent of all reported FDCPA violations involved incessant phone calls in an attempt to harass the debtor.In the 2012 FDCPA Annual Report, the following were the most common consumer complaints filed against creditors (in order of most common to less common): Each year, the FTC issues a report to Congress regarding the types of FDCPA violations that consumers have filed against creditors, as well as the methods that the agency has used to enforce the law. The Federal Trade Commission (FTC) oversees and regulates violations of the Fair Debt Collection Practices Act (FDCPA), which is a law intended to protect consumers from potentially abusive and harassing behaviors of creditors out to collect a debt.
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