The American Empire in a Changing World


Thursday, November 8, 2012

''Canadian bank goes after homes to collect credit card debts''

From California Watch

''Credigy Receivables – a unit of the National Bank of Canada, which has more than $150 billion in assets – has taken advantage of California’s relatively lax debt collection laws. The bank has repeatedly bypassed a legal hurdle that normally prevents credit card companies from threatening to take away the homes of debtors who refuse or are unable to pay.''

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