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September 28, 2016

Posted  September 28, 2016

A national mortgage servicer has paid $1.4 million and agreed to strengthen its policies over its alleged abusive debt collection practices that affected more than 5,000 borrower accounts in Massachusetts. Ditech Financial, LLC, previously GreenTree Servicing, LLC, agreed to change its practices to comply with state debt collection and consumer protection laws. The assurance of discontinuance requires that Ditech stop making excessive debt collection calls to consumers and provide written notice regarding the borrowers’ right to receive detailed information about any debts that Ditech sought to collect, as required by law. MA