Friday, March 16, 2007

Cadle Company Denied Debt Collection License in Massachusetts

The Cadle Company, a debt collection company well-known for hardball tactics, was recently denied a license to operate as a debt collection agency in Massachusetts. Cadle sued the Massachusetts Division of Banks in state superior court seeking to overturn the decision to deny it a license, but the superior court took the Division's side citing, among other things, the substantial evidence of complaints and outstanding litigation against Cadle.