Current Trends in Consumer Junk Debt Buyer Litigation

Abstract

This article examines current trends in debt buyer litigation, including a review of recent regulatory actions and the impact of debt buyer lawsuits on individual consumers and on small claims courts. The article calls for a ban on the sale of consumer junk debt by banks, and for a requirement to make public the terms, conditions and disclaimers from sales contracts between banks and junk debt buyers.

Keywords: consumer law, due process, pro se, affidavit judgment, forgery, self help, default judgment, affidavit judgment, Maryland, forward flow agreement, debt buyer, consumer debt, small claims, purchased debt, CFPB, junk debt buyer, FDCPA