Credit Collection Trade Group to Regulators: Back Off
ACA, the largest trade group for the credit and collection industry, issued a statement that the federal agencies' efforts to regulate litigation activities of lawyers to recover unpaid debt would be a violation of the right to petition for redress under the First Amendment. "There is absolutely no basis for executive-branch regulators (or any actors in the executive or legislative branch)... to intrude themselves into litigation between private parties for which a judge is already presiding." [10/15/14]
