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When collecting a debt from you, collectionagencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. You have rights to help you gain control over your debt collection interactions.
Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. Debt collectionagencies can be thoroughly unpleasant. The company does not tell you your legalrights or tell you about free options you can take on your own. What does each one mean?
Columbia Debt Recovery , a Washington district court awarded each plaintiff $30,000 in emotional distress damages under the Fair Debt Collection Practices Act (FDCPA), $120 in treble actual damages under the Washington CollectionAgency Act (WCAA) and the Washington Consumer Protection Act (WCPA), and $2,000 in statutory damages under the FDCPA.
The rules also establish a fairer process for borrowers to raise a defense to repayment, while preserving the borrowers’ day in court by preventing institutions of higher education (institutions) from forcing students to sign away their legalrights using mandatory arbitration agreements and class-action waivers.
The role of the Attorney General (AG), head of the Department of Law, is “both the People’s Lawyer and the state’s chief legal officer…serves as the guardian of the legalrights of the people of New York, its organizations, and its natural resources.”
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