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Court rules debt collection law does not cover banks
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Legislation
Monday, June 19, 2017
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The U.S. Supreme Court unanimously ruled that the Fair Debt Collection Practices Act (FDCPA) solely applies to third-party debt collectors and debt buyers and does not extend to banks and other consumer finance firms. Justice Neil Gorsuch referenced multiple grammatical nuances of the FDCPA in his opinion, refuting arguments by petitioners. Read on to learn more.
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