Oct. 4, 2012, marked a landmark decision for the debt collection industry in New York. Judge Eric Vitaliano, of the U.S. District Court for the Eastern District of New York, issued a long-awaited decision striking down a portion of a 2009 New York City Law that expanded the city’s oversight of debt collection activities.1
Local Law 15, enacted in 2009, expanded the definition of debt collection agency to include attorneys who engage in collection proceedings, as well as debt buyers, or companies that buy delinquent consumer debt and typically contract with traditional collection agencies or law firms to pursue collection of the debt in their behalf.2 The law mandated, in pertinent part, that those meeting the definition of debt collection agencies obtain licenses and register with the Department of Consumer Affairs (DCA).3
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