White Paper

3 Pages
  • 3 Pages

Owners of Debt Collection Companies Held Personally Liable for $10M in FTCA/FDCPA Lawsuit


13 companies faced action from the FTC.

The district court placed a $10 million disgorgement order against 13 collection agencies and their individual owners; and in a recent case ruling the Second Circuit Court of Appeals maintained that order. This white paper reviews the details of the case and why individuals who have an ownership interest in debt buyers and collectors are not immune from personal liability.



Maryia Jones

Maryia Jones

Troutman Pepper Hamilton Sanders, LLP

  • Litigation and compliance counsel at Troutman Pepper Hamilton Sanders, LLP (“Troutman Pepper”)
  • Member of the firm’s national practice defending credit and collection industry in individual and class actions across the country
  • Provides regulatory and compliance advice to its financial services clients
  • Regularly contributes analysis and commentary on legal and business developments in the consumer financial services industry through the Consumer Financial Services Law Monitor at cfslawmonitor.com
  • Member of the Association of Credit and Collection Professionals International
  • Can be contacted at 757-687-7539 or [email protected]
No photo available

Alan D. Wingfield

Troutman Sanders LLP

Alan Wingfield is a partner in Troutman Sander's consumer financial services practice, focusing on financial services litigation and consumer law compliance counseling. He helps businesses with the myriad federal and state consumer protection laws and laws regulating financial services and other types of consumer-facing companies. Alan has represented businesses in many venues nationally in class action and individual consumer litigation. He assists particularly with the “alphabet soup” of consumer protection statutes. Alan also has experience handling business litigation based on contracts and federal and state securities laws, as well as defending shareholder derivative and class action claims.

Ethan G. Ostroff

Ethan G. Ostroff

Troutman Pepper Hamilton Sanders, LLP

  • Partner, Troutman Sanders LLP
  • Focuses on financial services litigation and consumer law compliance counseling
  • Conducts regular seminars, presentations, and webinars on topics related to the alphabet soup of consumer protection statutes
  • Represents companies and individuals in patent, trademark and other commercial matters
  • Serves on the board of directors for the Receivables Management Associates International and is an ACA certified instructor
  • J.D. degree, The American University School of Law
  • Can be contacted at [email protected] or 757-687-7541
No photo available

David N. Anthony

Troutman Sanders LLP

David Anthony is a Partner in Troutman Sanders' Richmond office. He is an experienced trial lawyer with a concentration in litigating financial services and business disputes, including class actions. Mr. Anthony has developed an expertise in federal court litigation.

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