Madden vs Midland Funding, LLC. Effect on Alternative Lending Market
Madden vs Midland Funding, LLC. Effect on Alternative Lending Market A New York occupant, opened a Visa account with Bank of America in 2005, Saliha Madden. The account cardholder contract possessed a Delaware choice-of-law clause whereby the events involved stipulated that Delaware legislation would oversee the contract. Madden defaulted regarding the loan along with her account ended up being later offered to debt buyer Midland Funding, LLC. Midland’s user endeavored to collect the obligated quantity with a standard interest rate...