Hello-

I am new to credit cards and was hoping someone could direct me to a good website (or reg) for collections rules for credit cards.

Thanks

You would have to look toward State law if you are talking about collecting your own debt.

You could look to fair debt collection federal rules as a best practice for collecting a creditor's own debt.

Thank you!

rlcarey- would that be the state the borrower is in, or head office?

Might be either depending on how the State law is written.

In addition to state law, be aware that Regulation Z (Section 1026.12(d)) prohibits a bank from performing an offset against a deposit account to collect a consumer credit card debt.

Also, pay attention to this recent case. While Fair Debt Collection does not, at present, apply to collecting a creditor's own debt (which would include a bank collecting its own loans), banks are expected to be "above the fray" and not act abusively.

In this recent FTC action against an auto lender that also collects third party debt, the FTC charged them with FDCPA violations on debts for third parties and UDAP on debts collected on the firms own behalf.

http://www.insidearm.com/daily/banks-and...lenderarm-firm/