Shining a Light on the Consumer Debt Industry
Today, Reilly Dolan, Acting Associate Director, Division of Financial Practices, FTC, testified before the Senate Banking Committee’s Subcommittee on Financial Institutions and Consumer Protection about debt collection.
The Fair Debt Collection Practices Act protects consumers from abusive or harassing treatment by debt collectors and establishes guidelines for the industry. The FTC shares federal jurisdiction for enforcing the act with the Consumer Financial Protection Bureau.
Remember, you have the right to be treated fairly by debt collectors. They can't use abusive, deceptive or unfair practices to collect from you.