In June, the Supreme Court ruled that companies who purchase debts and then collect them aren’t held accountable to the Fair Debt Collection Practices Act (FDCPA). The FDCPA protects debtors from third-party overly aggressive actions and unfair collection practices. However, Supreme Court relied on the statute’s wording of “third-party collection”, and found that the FDCPA does not apply to companies who purchase debts first hand, since they are directly collecting for debts now owed by them.
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