Allegedly Undisclosed Interest at Heart of Lawsuit Against NCB Management Services

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A proposed class action out of New York claims defendant NCB Management Services Inc. sent the plaintiff a debt collection notice that failed to disclose whether the man’s balance owed to Santander Consumer USA, Inc. may increase due to the accrual of interest or fees. The case argues that the federal Fair Debt Collection Practices Act (FDCPA) “requires debt collectors, when they notify consumers of their account balance, to disclose that the balance may increase due to interest and fees.” All told, the complaint asserts the communication sent by the defendant to the plaintiff failed to provide information necessary for the least sophisticated consumer to accurately determine the minimum amount of debt owed, as well as what he or she would need to pay to resolve the obligation at any given time in the future.