Calif. AG's Credit Card Suit May Herald New Regulatory Push

Law360, New York (May 10, 2013, 8:27 PM EDT) -- California Attorney General Kamala Harris’ Thursday suit accusing JPMorgan Chase & Co. of flooding the state’s court system with shoddy credit card debt-collection suits shows that state and federal regulators across the country are eager to apply the lessons learned in recent mortgage servicing crackdowns to the consumer debt arena, experts say.

Harris' suit came as both federal and state regulators beef up their scrutiny of collection practices for all consumer debt around the country, and shows how they are applying the tools they developed and the...
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