New State Law Confirms Debt Buyers' Fears

North Carolina Gov. Bev Perdue yesterday signed the Consumer Economic Protection Act (CEPA), which lawmakers maintain is designed to protect consumers from unfair debt collectors and help homeowners facing foreclosure. Gov. Perdue says the law protects North Carolina consumers from unfair debt collection practices by debt buyers, who must now prove that they have the right to enforce the debt and be able to verify the amount owed. The law also prohibits debt buyers from filing…