Seeking general knowledge. Thanks in advance for your comments. I know that in many financial related industries (reality, banking, mortgages, accounting, insurance, etc), if a licensed entity/individual is found knowingly violating statutory and/or regulatory provision relating to consumer rights, such action subjects the violator to fines and/or suspension of license. In those examples, there is no "if the consumer doesn't know or defend their rights" exemption. Anyone that knowingly violates consumer protect statutes are slammed, and slammed hard. Does the same go for attornies and/or collection agencies that knowlingly violate Consumer Rights Statutes (FDCPA, TILA, validation, verification, statute of limitations, etc)? Has any state or federal regulator addressed the issue? Thank you for comments?
In some states, collection agencies are required to be licensed. Attorneys, of course, are licensed by their state bar associations.
