November 24, 2017 / 12:37 PM / 18 days ago

2nd Circuit rejects lawsuit over debt buyer's electronic debits

Portfolio Recovery Associates, one of the world’s largest debt buyers, does not have to face a proposed class action accusing it of debiting consumers’ checking accounts without written permission, a federal appeals court has ruled.

A unanimous panel of the 2nd U.S. Circuit Court of Appeals on Tuesday affirmed the dismissal of a lawsuit claiming Portfolio Recovery Associates violated the U.S. Electronic Fund Transfers Act (EFTA), which bars businesses from using electronic, or automatic payments without written consent.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2ziAblo

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