By: Robert J. Nahoum New Century Financial Services, Inc. is an notorious “debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, New Century Financial Services filed more than 8,548 New York debt collection lawsuits […]
New Century Financial Services Filed 8,548 NY Debt Collection Cases In 2014
A Free Pass From Washington For Debt Collection Attorneys On Misleading Consumers?
By: Robert J. Nahoum U.S. Senator Pat Toomey (R-Pa.) introduced a bill, with bi-partisan support, that would exempt debt collection attorneys from compliance with federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) during specific litigation related debt collection activities. Sen. Toomey’s bill would “amend the Fair Debt Collection Practices Act to preclude law firms and […]