Will Esser wrote a guest article in Collector magazine explaining what a U.S. Supreme Court ruling means for the debt collection industry.
"Debt buyers and others in the debt collection industry have been stuck with uncertainty on a key question: how long do they face legal liability after a violation of the Fair Debt Collection Practices Act (FDCPA)?" Will wrote. "Federal appeals courts for mid-Atlantic and West Coast states have extended the clock for plaintiffs to bring lawsuits over FDCPA violations, while the federal appeals court for Pennsylvania, New Jersey and Delaware reached the opposite conclusion."
"The U.S. Supreme Court resolved that issue on December 10, 2019 in Rotkiske v. Klemm. In that decision, the nation’s highest court granted a significant – but not a total – victory to debt collectors."
You can read the full article here. Collector is the award-winning magazine of ACA International, which represents more than 230,000 professionals in the credit and collection industry.