Thursday, February 10, 2005
CREDITWRENCH, the FDCPA, and the law Part VII
CREDITWRENCH CEO Bill Bauer teaches his "students" that they can collect $1,000 statutory damages per violation of the FDCPA in a lawsuit.
The FDCPA itself stipulates a maximum of a $1,000 in statutory damages in a proceeding, and the courts have upheld this.
CREDITWRENCH teaching that you can collect $1,000 per violation is false and misleading.
