General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGorsuch has unanimous first opinion for Supreme Court
Could not find this story anywhere on DU, but I think it's an important one.
Basically, SCOTUS ruled that buyers of defaulted upon loans are not debt collectors as defined in the Fair Debt Collection Practices Act and therefore not subject to the requirements of that law.
http://abcnews.go.com/Politics/wireStory/gorsuch-unanimous-opinion-supreme-court-47984626
still_one
(92,422 posts)aggiesal
(8,925 posts)We have a winner!!!
mahatmakanejeeves
(57,621 posts)Jake Stern
(3,145 posts)in order to fuck over the little guy along with the decision which basically allows Wall Street to take your money and keep it?
Are they being held at gun point or something?
Bradical79
(4,490 posts)They still have to work with the law as a base.
Ms. Toad
(34,101 posts)Or perhaps collection techniquest have changed to get around the law as originally written (which happens quite a lot - you plug a hole, and someone creates a new one).
So the law needs fix - when the law is statutory court's aren't supposed to create the law, merely interpret what Congress wrote..
GulfCoast66
(11,949 posts)The law was bad. Judges are not social activists.
former9thward
(32,082 posts)BumRushDaShow
(129,543 posts)aggiesal
(8,925 posts)I searched for the story before I posted.
Couldn't find it.
I looked for
"debt collection"
not
"debt-collection"
BumRushDaShow
(129,543 posts)on regular google and found this thread and the LBN one!
I just remember reading it yesterday since I usually sit on DU's front page and read the news posts most of the time.