BofA, Credit Bureau Can't Duck Suit Over Mortgage Notices

Law360, New York (April 2, 2013, 6:28 PM EDT) -- Bank of America NA and Walled Lake Credit Bureau LLC lost their bid Monday to stop a proposed class action alleging they tried deceiving a Pennsylvania homeowner into thinking she was behind on her mortgage, after a judge rejected the companies' arguments that the Fair Debt Collection Practices Act doesn't apply to creditors.

The bank and the Michigan-based debt collection agency had contended that the suit by Melissa Devin Magness, who accused them of sending her false notices saying she had missed payments on her mortgage,...
To view the full article, register now.