The Fair Debt Collection Practices Act (FDCPA), approved on September 20, 1977, is a consumer protection amendment, establishing legal protection from abusive debt collection practices to the Consumer Credit Protection Act, as Title VIII of that Act. The Act creates guidelines under which debt collectors may conduct business, defines the rights of consumers involved with debt collectors, and prescribes penalties and remedies for violations of the Act. Also, it’s a federal law that limits the behavior and actions of third-party debt collectors who are attempting to collect debts on behalf of another person or entity. It’s important to understand the key elements of the Act as well as updates that have been made recently.
• After attending you will be able to describe… an overview of FDCPA and its definitions
• After attending you will be able to discuss… the compliance issues and risks with FDCPA
• After attending you will be able to explain… the different types of abusive acts that have occurred which led to the updated regulations
• After attending you will be able to identify… Identify the different provisions covered under the FDCPA
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