Relevant:
- Bad News For Banks:6th US District COA Rules Foreclosures Fall Under FDCPA
- U.S. Fifth Circuit Court of Appeals Rules Foreclosing in Texas Without the Note is Okay
- FL JUDGE FINES FORECLOSURE MILL $49,000 for ‘SHAM’ Paper Work!
- FDCPA Has More Power Thanks To The 11th U.S. COA
- The 2nd Circuit's abiding fascination with MBS class certification
2013-02-07 — mondaq.com
The Sixth Circuit's ruling is significant because, among other things, the prospect of FDCPA liability may discourage law firms from engaging in mortgage foreclosure activity, requiring banks and other mortgage servicers to move some of these collection activities in-house. The potential consequences of the Sixth Circuit decision may be particularly acute when considered in conjunction with a recent decision in the Ninth Circuit, which makes clear that lawyers and other principals of firms operating as debt collectors for banks might be held personally liable under the FDCPA for the actions of their firms
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