The Fair Debt Collection Practices Act (FDCPA) gives consumers the right to request that a debt be validated which can be requested with a debt validation letter. Debt validation is different from the verification process that can be done through the credit reporting agencies. A request to verify a debt simple means the credit reporting agency requests that the creditor verify their records for accurate information. A debt validation requires that the collection agency prove the debt is … [Read more...]
Debt Collection News – Debt Collection Supervisors Settle FTC Charges
February 4, 2010 By Leave a Comment
The Federal Trade Commission administer a wide variety of consumer protection laws, engages in law enforcement, and develops policy and research tools to prohibit unfair and deceptive acts or practices against consumers including actions that involve credit reporting agencies, credit repair services and debt collection activities. The FTC produces press releases on action taken against businesses and individuals that fall under the jurisdiction of the FTC. This is a recent press release on … [Read more...]