The FDCPA, or Fair Debt Collections Practices Act, is a set of consumer protection guidelines. Third party collection agencies must follow these guidelines in their collections practices, and most companies that don’t outsource their collections activities choose to follow these guidelines as well.

Red Flag Rules , issued by the federal trade Commission (FTC), the federal bank regulatory agencies, and the National Credit Union Administration (NCUA) (the Red Flags Rules) requiring financial institutions and creditors to develop and implement written identity theft prevention programs, as part of the Fair and Accurate Credit Transactions (FACT) Act of 2003. The programs must be in place by November 1, 2008, and must provide for the identification, detection, and response to patterns, practices, or specific activities – known as “red flags” – that could indicate identity theft.

Sarbanes Oxley Act: is  legislation came into force in 2002 and introduced major changes to the regulation of financial practice and corporate governance. Named after Senator Paul Sarbanes and Representative Michael Oxley, who were its main architects, it also set a number of deadlines for compliance.

The Gramm-Leach-Bliley Act (GLB Act), also known as the Financial Modernization Act of 1999, is a federal law enacted in the United States to control the ways that financial institutions deal with the private information of individuals.