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SCOTUS Limits the Definition of ‘Debt Collector’ Under the Fair business collection agencies techniques Act

SCOTUS Limits the Definition of ‘Debt Collector’ Under the Fair business collection agencies techniques Act

Stroock Special Bulletin

The Supreme Court issued its much-anticipated decision in Obduskey v. McCarthy & Holthus LLP, concluding that a company mainly involved with nonjudicial foreclosures will not come inside the basic concept of a “debt collector” underneath the Fair commercial collection agency techniques Act, 15 U.S.C. § 1692 et seq. (“FDCPA”). Instead, such a strong is included in just just exactly what the Supreme Court dubbed the definition that is“limited-purpose of “debt collector,” subjecting it to only restricted duties beneath the FDCPA.