In 1977, Congress passed the FDCPA “to solve the debt collection practices by the creditors,” while ensuring that it’s not the kind of people who reject the debt owed to consumers, defying his practices can be a competitive disadvantage. “It is not involved in; law enforcement, intercepting rule, management, consumer education and other activities to implement the FDCPA. The FDCPA is regulated and implemented through The ConsumerFinancial Protection Bureau.
The Bureau received about 75,200 complaints regarding first-party and third-party debt collection in 2019. The debt of the most important places where most of the complaints of pain at the time of the 2019 collection. In 2019, the State Office took five actions of execution, two of which started in the years prior to 2019, following violations of the FDCPA. In these cases, the two resolution offices obtained a third partial consent judgment in. In general, the pain of the $ 50 million sentences in order to cure them for money, than $ 11.2 million in civil penalties. The consolation of the Fund is held in civil matters, to the detriment of the price for the punishment of a sanction: the one that enters the service, to provide consumers who do not otherwise receive a ple or the usual full expiation. Three cases are in active mode. The Office of amicus curiae filed a file that originated in four cases, the FDCPA, three together with the Supreme Court, the federal appeals courts.
The Office works to provide consumers with the knowledge, tools and skills they need. to make better informed financial decisions. “Ask the CFPB” Office a popular interactive online training tool helps consumers find clear answers to a wide range of financial questions In 2019, “Ask CFPB” debt collection requests received more than 1.6 million Page visits and / or downloads in English and 124,000 in Spanish.