Ryan Holz and Doug Sargent, both Partners in the Firm’s Chicago office, co-authored an article on the Pierre v. Midland Credit decision. The U.S. District Court for the Northern District of Illinois recently found it deceptive for a debt collector to seek payment on time-barred debts without also informing the debtors that if they made a payment on the debt, they could potentially lose the protections provided by the statute of limitations. Holz and Sargent explain the decision and three significant lessons that debt collectors should draw from the case.
To read the full article, click here.