Right of Financial privacy act of 1978.

[pokergod]

What is the name of your state? NJ

Does a collection agency that buys old credit card debt from banks have to follow the FDIC comsumer protection Laws being that they entered into a contract with a federal banking institution?? Thanks in advance.

pokergod

 

[moburkes]

What is the name of your state? NJ

Does a collection agency that buys old credit card debt from banks have to follow the FDIC comsumer protection Laws being that they entered into a contract with a federal banking institution?? Thanks in advance.

pokergod

FDIC laws?

Give an example.

 

[pokergod]

FDIC laws?

Give an example.

google FDIC and read, read read.

pokergod

 

[Rexlan]

Why don't you google and read, read, read ...lol Get real.

 

[moburkes]

I'm trying to figure out how a debt collector is associated with the Federal Deposit Insurance Corporation.

Now, had OP said Fair Debt Collection Practices Act, it would have made sense.

 

[racer72]

The FDIC does not make rules or have any authority when it comes to credit cards or credit card debt. The FDIC's sole purpose is governing the money on deposit in the banks in the US.

 

[moburkes]

The FDIC does not make rules or have any authority when it comes to credit cards or credit card debt. The FDIC's sole purpose is governing the money on deposit in the banks in the US.

Let smarta&& figure it out himself.

 

[Chien]

If the FDIC “consumer protection laws” that you are referring to is the one noted in your question heading, the answer is no. The RFPA has nothing to do with collection agencies. It pertained exclusively to methods for release of financial information by banks to government agencies. Got problems with the IRS?

GLB (Gramm-Leach-Bliley Act) modified it to permit disclosure to credit reporting agencies under prescribed circumstances, and the Patriot Act further modified to permit release to intelligence agencies, but still no collection agencies. I don’t know of any other FDIC “consumer protection laws”.

 

[pokergod]

If the FDIC “consumer protection laws” that you are referring to is the one noted in your question heading, the answer is no. The RFPA has nothing to do with collection agencies. It pertained exclusively to methods for release of financial information by banks to government agencies. Got problems with the IRS?

GLB (Gramm-Leach-Bliley Act) modified it to permit disclosure to credit reporting agencies under prescribed circumstances, and the Patriot Act further modified to permit release to intelligence agencies, but still no collection agencies. I don’t know of any other FDIC “consumer protection laws”.

Thanks
pokergod