FDCPA Claim Permitted To Proceed In Borrower Suit Against Loan Servicer

Mealey's (November 3, 2021, 1:48 PM EDT) -- CHICAGO — A federal judge in Illinois on Nov. 1 denied a mortgage loan servicer’s motion to dismiss a claim brought by borrowers for violation of the Fair Debt Collection Practices Act (FDCPA), ruling that the borrowers have sufficiently pleaded that the loan servicer believed that their mortgage loan was in default at the time it acquired the loan and acted as a debt collector under the statute when it initiated foreclosure proceedings....