Latest / The Consumer Finance Podcast
Big Win, Bigger Warning: Hidden Liability Risks Lurking for Debt Buyers After New Jersey's Diana Decision
In this episode of The Consumer Finance Podcast, host Chris Willis sits down with Partners Joseph DeFazio and Joseph Froehlich to discuss the New Jersey Supreme Court's ruling in Diana, a unanimous ruling and long-awaited victory for debt buyers operating in New Jersey. At the center of the conversation is a high-volume litigation campaign waged by the Kim Law Firm, which targeted the chain of title for consumer debts under the New Jersey Consumer Finance Licensing Act (NJCFLA). Kim's core theory argued that any consumer debt under $50,000 — including personal loans, auto loans, and retail…
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