New law for Bank Credit Cards

Discussion in 'Credit Talk' started by godaddyo, Jan 8, 2002.

  1. godaddyo

    godaddyo Well-Known Member

    I was talking with someone who mentioned that there is a new law that allows bank credit card companies to ingore cease and desist letters. Does anyone have any info on this subject matter? It would be appreciated...
     
  2. GEORGE

    GEORGE Well-Known Member

    DOESN'T SOUND LEGAL....
     
  3. Big beacon

    Big beacon Well-Known Member

    I don't think cease and decist even applies to creditors. It refers to collection agencies as in the FDCPA
     
  4. godaddyo

    godaddyo Well-Known Member

    You have a point, but please let me clarify. What I am referring to is the collection dept or attorneys that act on behalf of the bank credit cards, inlcuding inhouse collectors...
     

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