Lawsuit: Midland Collection Letters Failed to Note Accruing Interest

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A proposed class action filed on behalf of New York consumers claims Midland Credit Management, Inc. sent collections notices that violated the Fair Debt Collection Practices Act (FDCPA). According to the complaint, Midland’s in-question collection notices unlawfully failed to note whether the plaintiff and proposed class members’ alleged debts may increase due to accruing interest or fees. The plaintiff alleges that although his debt was accruing post charge-off interest, the communication he received from the defendant failed to “state whether that balance is static or dynamic” in violation of the FDCPA.