The federal government is coming to the aid of Americans who have been the target of creditor harassment regarding debts they may not have even owed.
The Federal Trade Commission (FTC) is the federal agency responsible for responding to consumer complaints about fraudulent practices. Though identity theft ranks as the number one complaint investigated by the FTC, debt collectors come in at number two.
Recently, the FTC penalized one of the country's largest debt collectors, Asset Acceptance, for deceiving consumers with respect to collecting on old debts.

