Video: What is the Fair Debt Collection Practices Act (FDCPA)?
The Fair Debt Collections Practices Act, also known as the FDCPA, is a federal law that regulates the actions and behaviors of third party debt collectors that are hired to, they're hired by individuals or entities to basically go after debtors for the accounts that are owed. This federal law also regulates the means and methods used by debt collectors to contact individuals. For example, it limits the times that they are allowed to call and it limits the hours that they are allowed to call debtors. Violation of this federal law by either a debt collection company or by the individual debt collector is within one year of the action. Basically what this does it the debtor may go after either the collection agency or the debt collector individually for attorneys fees and costs.