NY Regulator Wants Courts In On Debt Collection Fight

Law360, New York (October 21, 2013, 8:19 PM EDT) -- New York's financial regulator urged the state court system Friday to erect new barriers to purportedly abusive consumer credit litigation, saying collectors should have to furnish stronger documentary evidence and prove they reviewed every debt.

New York State Department of Financial Services Superintendent Benjamin Lawsky argued in a letter that the Office of Court Administration should come out of its current examination of consumer debt collection practices with more than just a standardized affidavit requirement for collectors seeking default judgments.

Saying that "bolder reform is necessary,"...
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