Colorado Attorney General John Suthers recently announced that his office filed suit against Regent Asset Management Solutions, a Denver-based debt collection agency for allegedly violating Colorado’s Fair Debt Collection Practices Act. The suit alleges that Regent Asset Management did not conform to the state’s licensing requirements, and that the company’s license expired in July 2010. In addition, the Attorney General suspects that the company did not provide consumers with debt validation, and did not send out required notices with the amount due, the creditor’s name, and a notice of the consumer’s right to dispute the debt. Attorney General Suthers follows other Attorneys General (most notably in New York and West Virginia) who are using state laws to shut down debt collection agencies that violate the law.
StopCollector Blog Authors
Sergei Lemberg
Sergei Lemberg is the principal at Lemberg & Associates, a law firm that defends consumer rights in the areas of fair debt collection law, fair credit law, lemon law, among others. He is regularly labeled by the debt collection industry as one of the “most active consumer attorneys” in the U.S.
Sally Smith
Sally Smith is the former editor-in-chief of several consumer magazines, and has written extensively on issues relating to finance, public policy, and other topics of interest to consumers.
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