Monarch Recovery Management Crowned with FDCPA Class Action

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A proposed class action out of New Jersey claims Monarch Recovery Management, Inc. violated the Fair Debt Collection Practices Act (FDCPA) when it sent a collection letter to the plaintiff that made mention to interest the company was not authorized to charge. Though the complaint clearly notes the defendants did not charge the plaintiff interest on his alleged debt, the collection letter he received from Monarch included language that said his balance may increase “because of interest, late charges, and other charges that may vary from day to day.” According to the suit, even though it did not in fact charge the plaintiff, the defendant was never authorized by the original creditor to add interest or late fees to the balance.