Usury Law

07/12/2016

Debt Collector Lawsuit Alleges Violations of State Usury Laws

Debt Collector Lawsuit

Audet & Partners, LLP reports that the U.S. Supreme Court has decided not to review a lower Federal court opinion that held private debt collectors subject to New York State interest laws even when the debt firms had shown that the debt was acquired from a national bank.  Earlier this year, the Office of the Comptroller of the Currency and the U.S Solicitor General's Office had argued that state usury laws, or the maximum lenders can legally charge for interest... Read More