The Fair Debt Collection Practices Act is the law that prevents collections agencies from committing abusive and deceptive practices. This is what keeps them from calling you at 2am and what requires them to send you a debt validation letter.
The Supreme Court has ruled unanimously that this law does not apply to the companies that buy debt from other companies. They do not legally qualify as "debt collectors" under the law.
Here's one from the New York Times - it may be behind a paywall if you've viewed more than 10 articles this month.
Submitted June 12, 2017 at 11:21AM by Klondike52487 http://ift.tt/2s2B3aF
