Summary
On Oct. 5, 2007, the Federal Trade Commission issued a formal advisory opinion in response to a request from ACA and due to the work of the Government Affairs Department. This marked only the second time the FTC has issued an advisory opinion regarding the FDCPA. The opinion clarified that the FDCPA permits collectors to inform a consumer that the collector has ceased attempting to collect a debt.
The FDCPA provides that if a collector contacts a consumer to collect a debt and the consumer disputes the debt or requests verification of the debt in writing, the collector must cease collection efforts until the collector sends verification of the debt to the consumer. Thus, upon receiving a dispute or verification request, a collector has two options:This section of the code only became effective upon the FTC's issuance of a formal advisory opinion indicating that such a communication would not violate the FDCPA. Now collectors can comply with this provision of AC As code without fear of violating the FDCPA.See the full content of this document
Extract
Everybody Wins
Every two years, AC As Legislative Council and Government Affairs Department meet to set the legislative agenda for the upcoming congressional session. Numerous issues are incl...
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