NACA in the News: Second Circuit tells debt collectors to notify debtors of interest, late fees

Release Date: 
May 9, 2016
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Legal NewsLine, Second Circuit tells debt collectors to notify debtors of interest, late fees: "The U.S. Court of Appeals for the Second Circuit updated a section of the Fair Debt Collection Practices Act in a March ruling, prohibiting debt collectors from misleading consumers as it pertains to their debt and interest...“I’m not sure I see a significant change in practices here except that debt collectors are now required to follow the law,” said Ira Rheingold, executive director of the National Association of Consumer Advocates."