California Attorney General Kamala Harris yesterday filed a lawsuit in Los Angeles Superior Court against J.P. Morgan Chase bank for some of the debt collection abuses highlighted in a recent WW cover story, "The Enforcer."
"I'm glad to see the California AG take action," says Angela Martin of Economic Fairness Oregon, an advocacy group pushing for consumer protections in House Bill 2826.
"It's time for legislators to act to protect Oregonians from being abused by banks who lose or shred documentation and then sue consumers without proper documentation."
In a statement, AG Harris high-lighted some of the tactics that allowed J.P. Morgan to file as many as 469 lawsuits in a day in California, often, she alleges, without proper documentation.
Here's what Harris wants to stop:
Martin says credit card issuers and debt collectors are using the same tactics in Oregon.
"This is the mortgage scandal, part two," Martin says. "These are the kind of abuses that led to multi-billion dollar mortgage settlements but if lawmakers don't move the bill , the abuses will continue."