Sentences with phrase «regulates debt collection activities»
Just like any other debt collector, Conserve, Pioneer, Performant and CBE Group will all have to abide by the Fair Debt Collection Practices Act, which regulates debt collection activities and preserves right for consumers.
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The FDCPA which is the Fair Debt Collection Practices Act is a federal law that regulates the activities of third party collection companies.
It regulates collections made by third parties, such as attorneys, on behalf of another, but it does not apply to the activities of a creditor collecting debts on its own behalf or to the creditor's employees.