New Debt Buyer Law May Decrease Communication, Increase Litigation Between ARM Firms and Consumers
A new law in California focused on debt buyers imposes a series of new requirements on purchasers that start before any collection letter is sent to a consumer, and that continue throughout the collection process, including during any collection litigation. Although the law was designed to protect consumers and increase the information available to them, a likely result will be to decrease the level of communication between debt buyers and consumers, while increasing the amount of collection litigation.
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