Supreme Court Update: Supreme Court rules purchasers of defaulted debts are creditors and not debt collectors under the FDCPA

A wooden gavel rests on its sounding block in front of a row of law books and an office interior that are out of focus in the background. Photographed using a shallow depth of field.

In a follow-up to our previous post where on, On April 8, 2017, the United States Supreme Court heard oral arguments in Henson v. Santander Consumer USA. Inc., No. 16-349, 2017 WL 125669, — S.Ct. — (U.S. Jan. 13, 2017). In this particular case,

the Supreme Court has ruled that purchasers of defaulted debts are are creditors and not debt collectors under the FDCPA.

Stay tuned for more legal updates on our blog at Scherer Legal, P.C.