We're here for you. To read our Coronavirus Update Click Here

Who sells the best replica watches? You'll find all the answers on our website perfectwatches.cn

Collection Agency

U.S. Supreme Court Holds Debt Purchaser Not Subject to FDCPA

By Cornerstone SupportJune 20, 2017
 

Recently, the U.S. Supreme Court unanimously held that the FDCPA does not apply to debt purchasers collecting on its own debt. The decision was regarding Santander Consumer USA Inc. who was collecting on acquired defaulted loans from CitiFinancial Auto. The Court ruled that because the debt purchaser was not collecting on a debt “owed… another,” they were not subject to the FDCPA.

For our clients: Licensing is a state issue, and we will continue to monitor the state’s responses and notify our clients of any changes that would result in an impact to state licensing. There are many state-specific collection practices acts that will continue to apply to debt buyers. Please note this decision changes nothing for third party collectors.

If you have any questions, feel free to reach out to us.

 

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments


Who sells the best replica watches? You'll find all the answers on our website perfectwatches.cn

Sign-up for our Distribution List Stay informed on any new licensing/bond/insurance changes

Receive updates from Cornerstone through:

  • a monthly newsletter,
  • a monthly legislative tracker
  • occasional e-blasts announcements

We promise to keep you informed without filling your inbox with fluff!

0
Would love your thoughts, please comment.x
()
x