On May 23, 2018, the Suffolk Superior Court gave final approval to a class action settlement in Clark v. First Resolution Investment Corporation, a case that alleged First Resolution - a debt buyer - collected consumer debts in Massachusetts without a license. The appeal period has since expired and therefore final judgment has entered. The settlement provides for approximately $1 million in payments to be refunded to class members, and for class members to receive approximately $20 million in interest forgiveness and balance reductions. The refund checks are being mailed to class members on July 12, 2018, and must be cashed or deposited by September 10, 2018. Class members with questions may visit the settlement website - www.firstresolutionsettlement.com.
By Kenneth D. Quat, Massachusetts Consumer Rights Attorney.
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