When consumers are faced with harassment and other abuses committed by big banks, the law generally favors consumer protection but such protections can be difficult to enforce. One state has become frustrated enough on behalf of its citizens who are navigating a legally complex and often abusive web of credit card debt that it has said "enough." California is currently suing banking giant JPMorganChase for allegedly committing "debt collection abuses against tens of thousands of California consumers," according to the New York Times and state court records.
Many young adults just starting out in the job market often carry a large debt burden due to low salaries, student loan payments, and the temptation to finance desired goods through excessive credit card purchases. If you are in this position, there are steps you can take to pay down your debt and thereby secure a more profitable and stable future for yourself.
When you are already under stress from debt obligations, harassing calls by debt collectors only make the situation worse. If you are being hassled, it is important to know what your rights and remedies are.