Legal Basis of Collection Activity in the Russian Federation

This article considers the legal regulation of collection activities in the Russian Federation. The author carries out the comparative study of the existing regulatory framework on this issue and, on this basis, the author identifies the legal status of collection agencies in Russia. The author also analyzes the application of the norms of the noted legal act on collection activities in practice which results revealing its gaps. In the course of the study, legal conflicts are identified, which arise in connection with the existing contradictions in the law. In its final clauses, the article gives an assessment of the new normative legal act in general.