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Debt collection letter could have misled ‘least sophisticated consumer,’ agencies say
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Consumer Protection
Wednesday, March 12, 2014
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Two federal agencies with authority to enforce the Fair Debt Collection Practices Act have weighed in on an appeals court case involving a company’s effort to collect on time-barred debt. The Federal Trade Commission and Consumer Financial Protection Bureau argued in a recent amicus brief that a district court erred when it determined that a letter sent to a debtor could not have misled “the least sophisticated consumer” regarding the prospect of future legal action. Read on for the details.
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