Guest Editorial
If you read CUCollector, which is an excellent forum for information and accuracy for the collateral recovery industry and the lending community you probably read the recent article regarding a lawsuit filed in federal court under the FDCPA by Wanda Vantu v. Echo Recovery, LLC, et al. This article has stimulated lots of discussion, the primary reason being that many in the collateral recovery industry as well as some lenders seem surprised that a Section of the FDCPA specifically applies to collateral recovery agents (Security Enforcers as defined by the Federal Trade Commission). I would like to follow up on the CUCollector article because, due to the proliferation of Wrongful Repossession lawsuits being litigated in federal courts I believe this is a subject that warrants further discussion and clarification.
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