§1692 Congressional Findings and Declaration of Purpose

Summary

Stops abusive, deceptive, and unfair ways debt collectors use to get money and protects people from the harm those tactics cause, like bankruptcies, broken marriages, job loss, and invasions of privacy. Current laws do not do enough to help. Other fair and effective ways to collect debts exist. These bad practices happen a lot, often across state lines, and affect interstate business. The law’s goals are to end these abusive tactics, protect collectors who follow the rules from being hurt by unfair competitors, and encourage states to act the same to protect consumers.