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Fair Debt Collection Practices Act (FDCPA)
In 1978 the United States Congress passed a piece of legislation called the Fair Debt Collection Practices Act. The law was drafted in an effort to end a long history of abusive and threatening tactics employed by debt collection agencies. In promoting fair standards for debt collection, the act also addressed the need for accuracy in the collection of debt information.
This law, in connection with the Fair Credit Reporting Act, forms the critical foundation of consumer credit rights in the U.S. and safeguards debtors from harassment in their place of business and at home. Creditors may only contact consumers via telephone after 8 a.m. and before 9 p.m. local time and may not threaten debtors with inclusion of their names and addresses on any published or posted lists of bad debts. Neither may debtors be threatened with arrest or legal action if neither is actually contemplated or legally possible.
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