Suit Over Loan Servicer’s ‘Rambo-Style’ Collection Actions Survives Dismissal

Mealey's (June 1, 2020, 1:30 PM EDT) -- ABERDEEN, Miss. — A couple sufficiently stated that a loan servicer could be found liable for violating the Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA) over its “Rambo-Style” collection activities and pattern of regularly purchasing lender protection insurance (LPI) and force-placed insurance policies to capitalize on inflated premiums, a federal judge in Mississippi ruled May 26 in denying the defendants’ motion to dismiss (Pamela D. Green v. Specialized Loan Servicing LLC, No. 19-cv-076, N.D. Miss., 2020 U.S. Dist. LEXIS 91403)....