sftrevor Posted May 15, 2009 Report Share Posted May 15, 2009 Is there a regulatory agency that governs the operation and credentialing of credit card companies and\or debnt collection companies, like the FCC (broadcasters), FAA (airports), FDA (food\druigs)?? Would the SEC qualify?Thanks Link to comment Share on other sites More sharing options...
sgip2000 Posted May 15, 2009 Report Share Posted May 15, 2009 Closest government body with any oversight would be the Federal Trade Commission. Link to comment Share on other sites More sharing options...
cjtx Posted May 15, 2009 Report Share Posted May 15, 2009 Different federal agencies regulate different parts of credit card companies and debt collectors' operations.FTC can enforce FCRA and FDCPA over data furnishers and debt collectors, respectively.National Banks are under the purview of the comptroller of the currency.Credit Unions are regulated by NCUA.Small banks are subject to their state of incorporation's regulatory agency.The rules to charge off an account come from FDIC.ACA International is an association of debt collectors which enforces a code of ethics on its members and can give you some leverage if you file a complaint when a member broke a rule.Each state establishes its own licensing requirements for debt collectors and you can usually find information with your Secretary of State.There are many more, but these are a good start. Link to comment Share on other sites More sharing options...
FlaLawyer Posted May 17, 2009 Report Share Posted May 17, 2009 Google: Frontline Credit Cards You will get a link to the documentary regarding your request. Link to comment Share on other sites More sharing options...
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