State Attorney Generals Taking A Strong Stance Againist Harassing Debt Collectors - With the economic crisis still in full swing, many American families who have typically been able to successfully manage... |
|
Business Related Topics...
Computer Related Topics...
Entertainment, Recreation & Sports Related Topics...
Health & Fitness Related Topics...
Home & Family Related Topics...
Shopping Related Topics...
Would you like to submit articles to our site? Have a question or a problem?
You are here: DIME Home > Law > State Attorney Generals Taking A Strong Stance Againist Harassing Debt Collectors
With the economic crisis still in full swing, many American families who have typically been able to successfully manage...
Author: john kenvin
Date: Sep 7, 2011 - 7:15:19 AM
With the economic crisis still in full swing, many American families who have typically been able to successfully manage their finances are finding it difficult to keep their head above water. To add insult to injury, many debt collectors have seized upon this economic climate to garner larger profits. However, many States Attorneys’ Generals have stepped up to try to curb the onslaught from the debt collection industry.
The latest to do so, is
Massachusetts’ State Attorney General Martha Coakley who wants to close loopholes in
Massachusetts debt collection rules that date as far back as the 1970s.
Coakley is proposing that regulations prohibiting "abusive" debt collection attempts be modernized by adding cell phone calls and text messages to forms of communication covered by the rules.
She also wants to make debt buyers - companies that purchase debt and then try to collect it on their own -- subject to all regulations.
Another change would require debt collectors to make a good faith effort to determine whether a debt is too old to be collected before contacting consumers.
Finally, the
attorney general's office is amending the regulations to make them more consistent with the
Massachusetts Division of Banks' regulation of debt collectors and the
Fair Debt Collection Practices Act.
Coakley says the amendments would help ensure that people are treated fairly when contacted about a debt.
A hearing will be held on the proposed changes on May 18, 2011, at 9 a.m. in Boston. Testimony may be presented orally at the public hearing or in writing.
The Fair Debt Collection Practices Act (FDCPA) offers protection from illegal and unethical tactics of the debt collectors. A clear understanding of debt collection laws under the FDCPA will entail you to the power to fight the third party debt collectors.
What To Do If Your Boss Is Playing Dirty Tricks To Try To Sack You?Apr 28, 2011 - 8:56:25 AM Susan became a scapegoat to the political machinations of her colleagues and superiors when her CEO’s very expensive new IT system ended up going wildly over budget. When the CEO was forced out, there began a cull of all the people that he had brought in with him including Susan. She was effectively demoted and transferred to another office.... [Read the full story] |
There's No Need To Be Afraid Of Talking To A Tractor Trailer Accident AttorneyJan 8, 2011 - 5:56:04 PM Nothing can take away the painful experience of having a loved one suffer from a tractor trailer accident; however, some families that are suffering may be able to experience an easing to their pain if the possibility exists that the accident was caused by the negligence of the truck driver or the truck driver's company.... [Read the full story] |
Reorganize Finances Sooner Than LaterJan 4, 2011 - 2:09:16 PM Oakland is facing some tough times still. The recession is far from over and Oakland bankruptcy attorneys are doing much more business this year than last. While business for Oakland bankruptcy attorneys has increased quite a bit, which is good for them, it still shows that there is a long way to go in righting the local and national economy. Oakland bankruptcy attorneys are seeing the human toll up close and personal. Some of the clients they are seeing in their offices are relatives, friends and neighbors.... [Read the full story] |
Information You Need To Know About Chicago Personal Injury LawyerDec 30, 2010 - 5:40:39 AM Learn about your legal privileges! If in the Chicago, Illinois area you or your loved one is injured in an accident because of another party’s carelessness, make sure that you are aware of your legal rights and the advantages you are permitted to. To make sure that these are protected, instantly seek advice from a reputable and knowledgeable Chicago personal injury lawyer.... [Read the full story] |
Search for articles: |
Latest Articles in All Categories |
Putting Up a Small Commercial Printing Business |
So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now |
Meditation and Mindfulness: Dealing With Emotion |
CPA Websites: Five Essential Ideas for Composing Convincing Articles |
Set Goals In Order to Come Up With Your Action Plan |
Is the Air in Your Home Safe to Breathe? |
Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod |
Section 1031 Exchanges For San Diego Real Estate Investors |
Phoenix Real Estate Investing For Highest Possible Earnings |
Legendary are the Volk Racing TE37 Wheels |
Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study |
What are step down transformers? |
Introducing Sharehype, the Revolutionary Tool for Online Marketers |
Rewards To Shopping For Austin Real Estate On The Web |
Hydroponics for Beginners |
Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.
Dime-co.com Home |
|
|
|
|
|
|
|
|
|
|
|
|
|
Disclaimer: Dime-Co.Com is an online information article and video article network. All articles, video articles, comments, and other features herein are for informational purposes only and are provided "as is" without warranties, representations or guarantees of any kind. The views and opinions expressed in an article, comments, links or blogs are the author's own, and not necessarily those of dime-co.com's owners. For full disclaimer, please read our TOS.