What are the NC credit card laws?

Answer by  patti (29325)

The law government debt is federal. The Federal Trade Commission has website with lots of helpful info, including the Fair Debt Collection Act and credit practices legislation.

Answer by  patti (29325)

Credit, credit reporting and debt collection are managed by federal law. Some states have secondary laws regarding things garnishments and phone calls, but for the most part the law is the same from state to state. You can check online for specifics regarding North Carolina as they pertain to your specific situation.

Answer by  Christian9247 (5042)

These are all federal laws. Credit card laws and credit card debit are covered by federal mandates. Even the federal government is behind the fair debt collection act and the credit practices legislation. Some states have secondary laws regarding wage garnishments and phone calls for collection but these vary state to state.

Answer by  Dean (4035)

Credit cards and debt collection of same are covered by federal, not state law. A few states have enacted addemdum laws but the rules regarding finance charges, fees and penalties are regulared by federal law. A number of agencies issue regulations. The Concumer Protection Act, Fair Credit Reporting Act and Fair Debt Collection Practices Act are examples of protections.