Supreme Court Rights itself

Supreme Court Rights itself

This decision just SOUNDS stupid; the Supremes actually did their job and did it well. The decision, protecting companies and individuals that buy up debt, and then are exempt from bad debt collection laws — which forbid abuse — was sound because the law itself, as written and enacted by Congress, did not include companies that buy up debt and then attempt to collect on it.

In other words, the original statute, written to protect consumers from abusive debt collectors, was written to protect the public from collection efforts by companies and individuals, that didn’t own the debt, or had not issued it in the first place.

Debt companies ADJUSTED to this new regulation by BUYING the debt from these originator companies, making it their debt, AS IF the original extender of the credit; was attempting collection, a type of situation Congress WANTED exempt, at the time the law was originally passed.

The law, of course, needs a re-write, and that’s exactly what the Supremes said in their ruling/opinion. But they did not attempt a re-write from the bench, they tossed the hot potato back at Congress.

It’s so refreshing to actually see one branch of the government respecting another branch.

About karlspain

20 year Newspaperman. Lifelong Inventor. Wrote 2 books so far, working on more. The Revelation, 1st book, about your brain & the universe, and math. Hooked together! God I trust, America I love, 2nd book, is the biography of Aris Mardirossian, a great man. Also owned a software company, an IT integration company, a gas station and a fuzzy logic software title along the way.
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