From New York comes a proposed class action against Grassy Spain Group, Inc. in which the plaintiff claims the debt collector violated federal law by failing to include in a collection notice certain disclosures that would allow a consumer to clearly and accurately deduce how much is owed. Grassy Sprain Group allegedly neglected to detail in the plaintiff's September 2017 collection notice:
- Whether the plaintiff’s account will be subject to additional interest;
- What the applicable interest rate is;
- The date of accrual of interest;
- The amount of interest accrued during any measurable time period;
- The amounts of any late fees;
- The date on which late fees will be applied to the account;
- What part of the balance is attributable to principal, interest and late fees; and
- An explanation of any interest that may cause the plaintiff’s balance to increase.
“The Letters, because of the aforementioned failures, would render the least sophisticated consumer unable to determine what she will need to pay to resolve the debt at any given moment in the future,” the suit reads.