Debt Collection Practices
Today, the Nebraska Attorney General’s Office announces Operation Collection Protection (OCP) which is a national coalition of federal, state, and local enforcement and regulatory organizations committed to working cooperatively to address illegal debt collection practices. Led by the Federal Trade Commission (FTC), more than 75 organizations participated in OCP, including the FTC, CFPB, Department of Justice, 47 other state attorneys general and the District of Columbia, 17 state regulatory agencies, one Canadian provincial regulatory agency, and a number of local authorities.
In 2010, the total amount of U.S. consumer debt reached nearly $2.5 trillion. Nearly 30 million consumers have an account in collections. Debt collectors make as many as 1 billion contacts a year with consumers. The vast majority of these contacts are perfectly legal. Unfortunately, many are not.