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:
“Tell her that goes
With song upon her lips
But sings not out the song, nor knows
The maker of it, some other mouth,
May be as fair as hers,”
—Ezra Pound (1885–1972)
“Pain and fear and hunger are effects of causes which can be foreseen and known: but sorrow is a debt which someone else makes for us.”
—Freya Stark (1893–1993)
“Our society is not a community, but merely a collection of isolated family units.”
—Valerie Solanas (b. 1940)
“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)
“Surely no mere mortal who has at all gone down into himself will ever pretend that his slightest thought or act solely originates in his own defined identity.”
—Herman Melville (1819–1891)