There are many laws and agencies that regulate debt collectors, but one of the most significant is the Fair Debt Collection Practices Act (FDCPA). Enacted in 1978, the FDCPA's goal is to protect consumers from abusive debt collection practices.
Fairway Capital Recovery Blog
There are a lot of great collection agencies serving the needs of businesses all over the country, but there are also some who do not have the best interests of their clients at heart. Here are six things that some collection agencies do not want their clients to know:
The accounts receivable management (ARM) industry is highly regulated, and the rules governing debt collection practices have seen many changes in recent years. Whether you perform collections activity in-house or outsource to an agency, it’s important to be aware of the regulatory changes and trends in the industry.