Chicago Partner Rusty Perdew Quoted on Debt Collection Ruling from U.S. Supreme Court in Law360

Chicago Partner Rusty Perdew, a member of the Firm’s Financial Services Industry Group, addressed the U.S. Supreme Court decision determining that federal debt collection laws do not apply to banks that collect on debt that they buy, by saying: “What the court doesn’t answer is what would constitute having your primary purpose being the collection of any debt.”

Perdew also noted that future litigation is likely to attempt to answer that question.

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