Fair credit scoring Act: The Fair credit rating Act www.easyloansforyou.net/payday-loans-ky/ (“FCRA”) is really a law that is federal regulates the number of consumers’ credit information and use of their credit history.
Generally speaking, the FDCPA relates to companies that collect debts for another individual.
Fair commercial collection agency techniques Act: The FDCPA prohibits collectors from employing deceptive or abusive conduct in the collection of consumer debts incurred for personal, household, or home purposes. The FDCPA exempts “any nonprofit company, which, during the request of customers, performs bona fide credit guidance and assists consumers within the liquidation of the debts by getting re payments from such customers and circulating such amounts to creditors.”
Federal Trade Commission Act and “Mini-FTC Acts”: The Federal Trade Commission Act (the “FTC Act”) forbids misleading or unjust trade methods. (more…)