Third Circuit: Debt buyers are debt collectors, too
from The Legal Intelligencer via The Pittsburgh Post-Gazette
Companies that purchase debts from debt collectors are debt collectors themselves, a federal appeals court has ruled, and are subject to enforcement of the Fair Debt Collection Practices Act. The U.S. Court of Appeals for the Third Circuit’s precedential ruling brings a new level of accountability to entities that make a business out of collecting defaulted debts.
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