Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
3Activity
P. 1
Repairing a Broken System_ Protecting Consumers in Debt Collection Litigation and Arbitration

Repairing a Broken System_ Protecting Consumers in Debt Collection Litigation and Arbitration

Ratings: (0)|Views: 125|Likes:
Published by Deontos
Creditors and collectors seek to recover on consumer debts through the use of litigation and arbitration. Based on its extensive analysis, the Federal Trade Commission (“FTC” or “Commission”), the nation’s consumer protection agency, concludes that neither litigation nor arbitration currently provides adequate protection for consumers. The system for resolving disputes about consumer debts is broken. To fix the system, the FTC believes that federal and state governments, the debt collection industry, and other stakeholders should make a variety of significant reforms in litigation and arbitration so that the system is both efficient and fair.
Creditors and collectors seek to recover on consumer debts through the use of litigation and arbitration. Based on its extensive analysis, the Federal Trade Commission (“FTC” or “Commission”), the nation’s consumer protection agency, concludes that neither litigation nor arbitration currently provides adequate protection for consumers. The system for resolving disputes about consumer debts is broken. To fix the system, the FTC believes that federal and state governments, the debt collection industry, and other stakeholders should make a variety of significant reforms in litigation and arbitration so that the system is both efficient and fair.

More info:

Categories:Types, Research, Law
Published by: Deontos on Feb 16, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

08/15/2013

pdf

text

original

 
Repairing A Broken System
Protecting Consumers in Debt CollectionLitigation and Arbitration
Federal Trade CommissionJuly 2010
 
Repairing A Broken System:
Protecting Consumers in Debt CollectionLitigation and Arbitration
July 2010Federal Trade Commission
Jon Leibowitz, ChairmanWilliam E. KovacicJ. Thomas RoschEdith RamirezJulie Brill
 
This report also is available on the Internet. The online version of this report contains hyperlinksto news releases, reports, articles, transcripts, brochures, policy statements, and other information
referenced in this report. You can nd the report at
 ftc.gov/os/2010/07/debtcollectionreport.pdf . You can also access the Internet page for the roundtable discussions, with links to many related documents, atftc.gov/bcp/workshops/debtcollectround/index.shtm.

Activity (3)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
puretrust liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->