“Debt buyers”—entities that purchase debt from original creditors or other downstream assignees—often view themselves as being different from “debt collectors”—entities that act to collect debts from obligors. ...more
The U.S. Supreme Court has held that the filing of a proof of claim in bankruptcy proceedings with respect to time-barred debt is not a “false, deceptive, misleading, unfair, or unconscionable” act within the meaning of the...more
The Second Circuit recently issued a National Bank Act preemption decision with significant implications for purchasers of loans and other debt from national banks. See Madden v. Midland Funding, LLC, --- F.3d ---, 2015 WL...more
6/4/2015
/ Appeals ,
Banking Sector ,
Banks ,
Class Certification ,
Consumer Financial Products ,
Debt Buyers ,
Interest Rates ,
Midland Funding ,
National Bank Act ,
Preemption ,
Putative Class Actions ,
Usury