Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about About Fair Debt Collection Act and other Collection Agency topics.

What is the Federal Fair Debt Collection Practices Act?

More about fair debt collection act: This is a federal law (aka. P.L. 95-109) Congress passed in 1996 to regulate collection agencies and help eliminate abusive debt collection practices that contributed to loss of jobs and invasion of privacy. If a collection agency violates any of the provisions of the law in attempting to collect a debt form a consumer, the consumer may have civil remedies available to them, including punitive damages. You may find the entire Fair Debt Collection Act on the FTC website, http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm. Created to amend the Consumer Credit Protection Act to prohibit abusive practices by debt collectors.

Comments

8/11/2006 10:23:23 PM
Jason Davis said:

The FDCPA was not passed or inacted in 1996, in fact has been around since 1978.

Ask a Question

Not finding the advice and tips you need on this Collection Agency Tip Site? Request a Tip Now!

Guru Spotlight

Lynne Christen

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!