The Law and Regulation

Collection matters are subject to: legislative statutes enacted at the federal, state, and local levels; regulations issued by executive agencies; and caselaw decided by federal and state courts.

Pertinent federal laws include:

• Federal Debt Collection Procedure Act (FDCPA) of 1977

• Fair Trade Commission Act (FTCA) of 1914

• Consumer Protection Act (CPA) of 2010

• Fair Credit Reporting Act (FCRA) of 1970

Maryland State laws include:

• The Maryland Consumer Debt Collection Act (MCDCA)

• The Maryland Consumer Protection Act (MCPA) of 1973

Relevant federal agencies include:

• Federal Trade Commission (FTC)

• Consumer Financial Protections Bureau (CFPB)

• Federal Reserve System Board Research & Regulation

Maryland agencies include:

• The Maryland Department of Labor’s Division of Financial Regulation

• Maryland Insurance Administration

• Maryland Office of People’s Counsel

• The Maryland Office of the Attorney General’s (OAG) Consumer Protection Division

Magna Carta, “Great Charter of Freedoms,” signed 1215 A.D.