TITLE

Fair Debt Collection Practices Act Could Better Reflect the Evolving Debt Collection Marketplace and Use of Technology

AUTHOR(S)
Cackley, Alicia Puente
PUB. DATE
October 2009
SOURCE
GAO Reports;10/21/2009, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. Government Accountability Office (GAO)'s Report to Congressional Requesters on the Fair Dept Collection Practices Act (FDCPA) involving credit cards. It notes that about 6.6% of credit card issuers in the first quarter of 2009 were 30 days or more past due. GAO recommends that the U.S. Congress should modify the FDCPA to provide buyers and collectors with adequate information on debt transfer and debt verification.
ACCESSION #
45033195

 

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