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11-01-2010, 10:01 AM #1
Junk Debt Collectors Face a Hazard: Writer’s Cramp
Debt Collectors Face a Hazard: Writer’s Cramp
By DAVID SEGAL
When Michael Gazzarato took a job that required him to sign hundreds of affidavits in a single day, he had one demand for his employer: a much better pen.
Linda Almonte of San Antonio has filed a wrongful termination suit against JPMorgan Chase, where she flagged defects in a portfolio of debt Chase was trying to sell.
In July, the Federal Trade Commission, led by Jon Leibowitz, issued a report critical of the debt-collection system, saying banks were selling account information that can be riddled with errors.
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