First Party Creditors:Can They Be Debt Collectors Under Act?
Posted: Sat Dec 30, 2006 12:18 am
Persons who collect their own debts are specifically excluded from the FDCPA.
First party collectors can lose their exemption from coverage under the FDCPA if they engage in any conduct which would lead the least sophisticated consumer to believe that a third party is collecting a debt. McGuire v. Citicorp Retail Services, Inc. 97-7755 (2d Cir.July 1, 1998).
First party collectors can lose their exemption from coverage under the FDCPA if they engage in any conduct which would lead the least sophisticated consumer to believe that a third party is collecting a debt. McGuire v. Citicorp Retail Services, Inc. 97-7755 (2d Cir.July 1, 1998).