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Stratton v. Portfolio Recovery Associates, LLC

November 5, 2014/in Significant Cases /by Hays Lawson

Stratton v. Portfolio Recovery Associates, LLC, 2014 U.S. App. LEXIS 20517, 2014 FED App. 0266P (6th Cir.):

Stratton holds that a debt collector cannot recover interest on a debt for a time period before it acquired the debt. The original creditor’s waiver of interest is binding on the debt collector. Stratton construes Kentucky’s usury statute as a consumer-protection statute rather than creating rights for creditors.

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Significant Cases

  • Fulk v. LVNV Funding LLCNovember 5, 2014 - 10:04 am
  • Grace v. LVNV Funding, Inc.November 5, 2014 - 10:04 am
  • Conway v. Portfolio Recovery Assocs.November 5, 2014 - 10:04 am
  • Currier v. First Resolution Inv. Corp.November 5, 2014 - 10:03 am
  • Stratton v. Portfolio Recovery Associates, LLCNovember 5, 2014 - 9:48 am
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