Jury Awards $500,000 To California Couple In FDCPA Case
Posted June 13, 2010 – 12:10 pm in: CreditLast month, Manuel and Luz Fausto won one of the largest collection awards documented in the last couple of years under the Fair Debt Collection Practices Act (FDCPA) against Credigy Services Corporation. A California jury awarded the Faustos $500,000 in damages caused from harassment by Credigy collectors. Of the sum, granted $100,000 was for actual damages the Faustos experienced, while $400,000 was in punitive damages, granted for malicious and reckless disregard of the couples rights. According to one of the Faustos lawyers, David Humphreys of Humphreys Wallace Humphreys, P.C., and the case stemmed from a debt on a Wells Fargo charge card opened in 1992.
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It Is Important To Protect Yourself Under The New CARD Act
Posted February 1, 2010 – 3:50 pm in: CreditThe new credit card bill that takes effect in February will have huge ramifications for both issuers and cardholders. Restrictions on rate increases, fees and increased disclosure requirements will bring about many changes for issuers. Borrowers should learn about the crucial stipulations in the law and the loopholes.
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