Collection Letter That Failed to State Interest or Fees No Longer Accruing Does Not Violate FDCPA (John Rossman quoted)
John Rossman, chair of Moss & Barnett's creditors' remedies and bankruptcy team, was quoted in the insideARM article, Collection Letter that Failed to State Interest or Fees No Longer Accruing Does Not Violate FDCPA, (written by Tim Bauer, June 5, 2017). Excerpts from that article appear below.
insideARM contacted FRS and the attorney that handled this case for comment. John Rossman, Attorney at Law with Moss & Barnett, provided the following reaction:
“These cases are being filed en masse in New York – similar to the wave of lawsuits on the envelope issue after the Douglass case a few years ago – and Taylor is the first definitive decision on the issue. The decision follows a common sense approach and reading of the Avila decision. The Plaintiffs appealed the ruling in Taylor to the Second Circuit Court of Appeals and we expect that the appellate court will affirm this ruling while we anticipate all of the other pending cases on this issue will likely be stayed.”
This is a very positive result that may stem the tide referenced by Mr. Rossman.