The first thing to know if you are contacted by a debt collector is to understand that you are not alone. According to the Consumer Protection Financial Bureau, a third of consumers have been contacted about debts in the past year alone.
We expect that across the nation, debt collectors greeted the recent opinion of the Fifth Circuit Court of Appeals with groans and complaints. The interpretation of the Fair Debt Collection Practices Act increases the pressure on collectors to be honest with consumers.
Having litigated many cases against WELLS FARGO and its attorneys pretty regularly over the past 15 years, nothing, absolutely nothing, in the recent revelations about its rampant fraud surprised me.