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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

The borrowers most impacted by the consequences of this provision will be low- and moderate-income borrowers whose financial well-being could benefit the most from access to affordable credit from a credit union.”. In March of 2019, SCOTUS unanimously held in Obduskey V.

Lender 40
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What Are “Statutory Damages” Under the FCCPA and the FDCPA?

Jimerson Firm

The Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA) are two pro-consumer statutes. Businesses should be aware of each statute. When that happens, businesses need to be aware of their rights and the potential exposure under the FCCPA and the FDCPA. 2d 509 (Fla.

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Are Proposals for Settlement Enforceable in FCCPA Cases?

Jimerson Firm

The Clayton Court was asked to decide the question of “whether Florida’s offer of judgment statute is preempted by [the federal Fair Debt Collection Practices Act (“FDCPA”)].” in an effort to encourage settlement of disputes. Bryan , 753 So. 2d 632 (Fla. 5th DCA 2000).