In March 2011, the Federal Trademission (FTC) issued their annual report, which included consumerplaints about 3rd party debt collectors, called “The FTC Annual Report 2011: Fair Debt Collection Practices Act”. The FTC enforces the Fair Debt Collection Practices Act (FDCPA) and receives hundreds of thousands of consumerplaints about debt collections. Behind identity theft, debt collections received the second mostplaints.
Third party debt collectionplaints from consumers or “FDCPAplaints” were 21% or 108,997 of all theplaints received by the FTC in 2010pared to 16.8% or 88,326 in 2009. This is an increase of 23.4% over 2009. Third party debt collectors include contingency fee collectors and attorneys who regularly collect directly or indirectly on debt asserted to be owed or due.
*Source – Federal Trademission
The category that increased the most from 2009 was “falsely threatens arrest or property seizure”. The top threepl
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