trending Market Intelligence /marketintelligence/en/news-insights/trending/gzCpymcPLmdKydAM5srAVQ2 content esgSubNav
In This List

Member sues Greater Iowa CU over debt collection

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


Member sues Greater Iowa CU over debt collection

A member of Ames, Iowa-based Greater Iowa CU has sued the credit union, alleging an unlawful attempt at debt collection on a defaulted auto loan, the West Virginia Record reported Aug. 1.

The complaint, filed by Norman Jeffries on behalf of himself and other similarly situated individuals at the Ohio Circuit Court, also name debt collection firm CU Recovery Inc. as a defendant.

The suit claims that CU Recovery, representing Greater Iowa CU, sent a demand letter for an auto loan the plaintiff defaulted on in 2010, which saw the car repossessed and the loan charged off. The letter, which the plaintiff received in May 2016, did not disclose that the debt was time-barred.

The suit is seeking actual damages and/or restitution of payments, statutory damages, costs of litigation, attorneys' fees and other relief.