Dismantling Unjust Interest Rates for Debt Collection Judgments
States should follow New York’s lead in lowering how much interest must be paid on unpaid debt judgments.
Karuna B. Patel is the Deputy Director of the Feerick Center for Social Justice at Fordham Law School, which focuses on addressing issues affecting low-income New Yorkers. She has extensive prior experience with consumer protection issues. She started the Consumer Rights Project at Mobilization for Justice, led a division that enforced consumer protection laws at the New York City Department of Consumer Affairs, represented consumers while at the Center for Responsible Lending, and spent over five years at the Consumer Financial Protection Bureau.
States should follow New York’s lead in lowering how much interest must be paid on unpaid debt judgments.