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New Protections for New Yorkers Against Debt Collection Abuses

New Protections for New Yorkers Against Debt Collection Abuses

The New York Department of Financial Services recently released new regulations that will better protect New Yorkers from the debt collection industry‚Äôs rampant abuses. Once the majority of the regulations go into effect on March 3, 2015 (a few of the regulations will begin in August), New York will have some of the strongest laws in the country when it comes to debt collection. The Scope of the Problem: Debt Collectors Gone Wild According to Governor Cuomo, in 2014 New…

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