With the start of the 18th annual National Consumer Protection Week (NCPW), Reform Online Lending invites consumers to join them and more than 100 agencies and organizations that are working to inform, empower, and protect consumers this week and always.
NCPW is a time for consumer protection organizations, like Reform Online Lending, to inform and educate consumers. ROL believes one of the most valuable resources for a consumer is information. Consumers are encouraged to stay informed on their rights as consumers, including what is considered legal for lenders and debt collectors.
Under the Fair Debt Collection Practices Act, Debt Collectors May NOT:
- Falsely represent the amount or legal status of any debt
- Falsely represent that an individual is an attorney or that any communication is from an attorney
- Threaten to take legal action that cannot legally be taken or is not intended to be taken
Anyone who witnesses unfair debt collection practices or believes they have become victim to a scam should report it through the FTC’s Complaint Assistant. For more consumer information and resources, visit NCPW’s Consumer Topics.
Happy National Consumer Protection Week from Reform Online Lending!