15 U.S.C. § 1692 : US Code - Section 1692: Congressional findings and declaration of purpose

Search 15 U.S.C. § 1692 : US Code - Section 1692: Congressional findings and declaration of purpose

    (a) Abusive practices
      There is abundant evidence of the use of abusive, deceptive, and
    unfair debt collection practices by many debt collectors. Abusive
    debt collection practices contribute to the number of personal
    bankruptcies, to marital instability, to the loss of jobs, and to
    invasions of individual privacy.
    (b) Inadequacy of laws
      Existing laws and procedures for redressing these injuries are
    inadequate to protect consumers.
    (c) Available non-abusive collection methods
      Means other than misrepresentation or other abusive debt
    collection practices are available for the effective collection of
    debts.
    (d) Interstate commerce
      Abusive debt collection practices are carried on to a substantial
    extent in interstate commerce and through means and
    instrumentalities of such commerce. Even where abusive debt
    collection practices are purely intrastate in character, they
    nevertheless directly affect interstate commerce.
    (e) Purposes
      It is the purpose of this subchapter to eliminate abusive debt
    collection practices by debt collectors, to insure that those debt
    collectors who refrain from using abusive debt collection practices
    are not competitively disadvantaged, and to promote consistent
    State action to protect consumers against debt collection abuses.