On March 13, New York State introduced proposed legislation titled the Fostering Affordability and Integrity Through Reasonable Business Practices Act (FAIR Act). The proposed legislation seeks to broaden the scope of...more
6/17/2025
/ Abusive Acts ,
Affirmative Defenses ,
Article III ,
Debt Collection ,
Financial Services Industry ,
General-Business ,
Lenders ,
Mortgages ,
New York ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Reform ,
Standing ,
Student Loans ,
Unfair or Deceptive Trade Practices
Just last week, the Second Circuit applied the least sophisticated consumer standard of the Fair Debt Collection Practices Act (the FDCPA) to effectively conclude that a consumer cannot be expected to know that when they are...more