Both federal and state rules govern loan companies. Loan companies consist of debt collectors. Who are Loan Companies? Both federal and state laws and regulations govern collectors. Loan companies consist of debt collectors, lawyers, creditors gathering for somebody else, and creditors gathering under another title along with other people. Underneath the Fair Debt Collection techniques Act (FDCPA), creditors gathering on their own are not вЂњdebt enthusiasts.вЂќ Creditor: The individual or business to who your .