What is the purpose of the FDCPA?

• A. Prevent abuse in debt collection
• B. Regulate mortgage disclosures
• C. Set interest rates on consumer loans
• D. Provide free credit reports

Answer: (A)

The purpose of the FDCPA is to prevent abuse in debt collection by debt collectors. It restricts harassment, false or misleading statements, and unfair practices, governs how and when collectors can contact consumers, requires debt validation, and provides remedies for violations. The other options don’t fit because mortgage disclosures are regulated by RESPA and related rules, interest rates aren’t set by this act, and free credit reports come from the Fair Credit Reporting Act, not the FDCPA.