Source: https://www.classactiondefenseblog.com/15_usc_1692l_legal_actions_by/
Timestamp: 2019-04-22 14:11:27
Document Index: 247032688

Matched Legal Cases: ['§ 1692', '§ 1692', '§ 1692', '§ 41', '§ 1818', '§ 601', '§ 1818', '§ 1751', '§ 181', '§ 226']

Federal Administrative Actions Against Debt Collectors (15 U.S.C. § 1692l): Statutory Language for the Defense Lawyer of Class Action Lawsuits Under the FDCPA (Fair Debt Collection Practices Act) — Class Action Defense Blog — July 11, 2006
Federal Administrative Actions Against Debt Collectors (15 U.S.C. § 1692l): Statutory Language for the Defense Lawyer of Class Action Lawsuits Under the FDCPA (Fair Debt Collection Practices Act)
When Congress enacted the Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq., in 1978, it provided not only for private rights of action by debtors against debt collectors, it also provided for administrative enforcement by the Federal Trade Commission. While defense against a class action is certainly a concern for debt collectors, the lawyer advising debt collectors does well to keep in mind and advise the client as to the administrative proceedings that may be brought to bear. As a resource to the class action defense lawyer, we set forth the text of the administrative enforcement provision of the FDCPA:
Compliance with this subchapter shall be enforced by the Commission, except to the extent that enforcement of the requirements imposed under this subchapter is specifically committed to another agency under subsection (b) of this section. For purpose of the exercise by the Commission of its functions and powers under the Federal Trade Commission Act [15 U.S.C.A. § 41 et seq.], a violation of this subchapter shall be deemed an unfair or deceptive act or practice in violation of that Act. All of the functions and powers of the Commission under the Federal Trade Commission Act are available to the Commission to enforce compliance by any person with this subchapter, irrespective of whether that person is engaged in commerce or meets any other jurisdictional tests in the Federal Trade Commission Act, including the power to enforce the provisions of this subchapter in the same manner as if the violation had been a violation of a Federal Trade Commission trade regulation rule.
Compliance with any requirements imposed under this subchapter shall be enforced under–
(1) section 8 of the Federal Deposit Insurance Act [12 U.S.C.A. § 1818], in the case of–
(B) member banks of the Federal Reserve System (other than national banks), branches and agencies of foreign banks (other than Federal branches, Federal agencies, and insured State branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25(a) [FN1] of the Federal Reserve Act [12 U.S.C.A. § § 601 et seq., 611 et seq.], by the Board of Governors of the Federal Reserve System; and
(2) section 8 of the Federal Deposit Insurance Act [12 U.S.C.A. § 1818], by the Director of the Office of Thrift Supervision, in the case of a savings association the deposits of which are insured by the Federal Deposit Insurance Corporation;
(3) the Federal Credit Union Act [12 U.S.C.A. § 1751 et seq.], by the National Credit Union Administration Board with respect to any Federal credit union;
(6) the Packers and Stockyards Act, 1921 [7 U.S.C.A. § 181 et seq.] (except as provided in section 406 of that Act [7 U.S.C.A. § § 226, 227]), by the Secretary of Agriculture with respect to any activities subject to that Act.