Borrower Claims Against HELOC Owner, Subservicer Dismissed As Insufficient

Mealey's (October 11, 2022, 3:07 PM EDT) -- NEW YORK — A federal judge in New York granted motions to dismiss filed by defendants in a Fair Debt Collection Practices Act (FDCPA) lawsuit brought by a home equity line of credit (HELOC) borrower, ruling that the borrower has failed to show that the owner of the HELOC is not a debtor and cannot be held liable under the FDCPA and that the borrower has failed to sufficiently plead any violation of the statute against the subservicer of the HELOC....