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Posts tagged "Massachusetts Division of Banks"

Passive Debt Buyers are not "Debt Collectors" Under Massachusetts Fair Debt Collection Practices Act

In an important decision for debt investors, the Supreme Judicial Court has ruled that passive debt buyers are not "debt collectors" under the Massachusetts Fair Debt Collection Practices Act ("MDCPA").  The decision, Dorrian v. LVNV Funding, LLC, can be found here. 

Division Of Banks Told That Hearings Are Not Optional

A Superior Court judge recently expressed little patience with the Massachusetts Division of Banks's (the "Division's") failure to hold a hearing prior to issuing cease and desist letters, calling it "disturbing" that two statutes requiring hearings "were completely ignored by an absolutist and overbearing executive department."

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