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There are hundreds of federal laws, rules, and regulations that are in place to help protect consumers from unfair financial practices. When understood properly, they can be used to provide you with protections before, during, and going through a bankruptcy. Here at The Law Offices of B. David Sisson, we are very familiar with these laws and how they can be used in any case. Take a moment to read more about three of the most important federal consumer protection laws here:

Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act was originally passed back in 1977, and has undergone multiple revisions over the years. The law is quite broad in nature, and offers consumers a variety of protections regarding what debt collectors can and can’t do. It is this law that restricts phone calls from collectors to 8AM-9PM local time, limits where they can call you, and more. If you believe a creditor is treating you unjustly, make an appointment to talk about your situation with us. We’ll look at what the creditors are doing, and see if it is in violation of this important act.

Fair Credit Reporting Act

Just about all types of debts are going to impact your credit score, whether positively or negatively. In order to help protect people’s credit, the Fair Credit Reporting Act was passed in 1970, and has been updated regularly since. If a creditor improperly reports anything to credit agencies, or publishes information in places where they aren’t permitted to, it can have a big impact on your bankruptcy case. Even if you’re not filing for bankruptcy, violations of the fair credit reporting act are taken very seriously and can be used to sue the creditor in some cases.

Real Estate Settlement Procedures Act

The Real Estate Settlement Procedures Act is another important piece of legislation that can come into play in some bankruptcy cases. One particularly important part of this act is the requirement obligating mortgage companies to stop foreclosure processes once a borrower completes an application for loss mitigation. The act also regulates how fees are issued during the purchase or refinancing of a home. The act is often overlooked in bankruptcy cases by individuals and even some inexperienced attorneys, but it can be very important when utilized properly.

Work with Experienced Legal Professionals

Every bankruptcy case is unique, so you don’t want to have a ‘bankruptcy mill’ treating your case the same as they do dozens of others. Attorney David Sisson gives every client the personal attention they deserve so their case is handled properly right from the start. To learn how these federal consumer protections can impact your case, contact us to set up a no-obligation consultation.


Bankruptcy Betterment: A Guide to the Types of People and Entities Which Can Benefit from a Bankruptcy

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