The FTC should also come up with a FDCPA that protects collectors or at least acknowledges the other side of it. The FTC now really is on the side of the consumer and that along with the media encourages the public to agree that bill collectors are all bad and not doing a much needed service to help keep businesses alive in this economy or any other time.

Every business owner deserves to be paid – no getting around it, it would be nice if they had the support of the FTC. Doesn’t seem like to much to ask.

These attornies are practicing legalized extortion and getting away with it. It has actually created a whole new industry. They know that it doesn’t matter if the agencies actually committed any violations of the law, all they have to do is threaten to sue and they know that 9 times out of 10 the agency will settle because it costs less to settle than to fight it.

The FTC, particularly with this current administration, will NEVER do anything that will help business or our industry. It is all about protecting the consumer and they don’t care what ramifications it means to the business community.

I agree that the FTC needs to make changes, and the sooner the better. The way things are is almost as though there are no rules, laws or regulations in regards to newer technology (anything after the FDCPA was enacted!)

Some collectors will take advantage of that for as long as they can; and they are.

After reading some of the comments it seems as though some feel that the FTC is trying to protect consumers more than they are already protected and almost giving them “permission” to take advantage of companies that issue them credit.

Meanwhile, the creditor has to jump through hoops to get paid a legitimate debt that is owed to them. In many cases, a business owner may end up writing it off because it is just not worth the aggravation to get paid on small balances.

The FDCPA is an act to protect the consumer and debt collectors must abide by it.

Where is the law to protect good law abiding collectors – and why don’t debtors have to abide by that? Not every collector is breaking the law…

When you’re a kid in school and you behave, do your homework and don’t talk in class, you are left alone. When you act up you get into trouble or in other words get all the attention.

The FTC really needs to take a look at the whole picture and get a clearer understanding of what is needed.