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Parsippany law firm fined $1 Million over abusive debt-collection lawsuits

Pressler & Pressler was ordered to pay a fine of $1 million

NEWARK — The U.S. Consumer Financial Protection Bureau has fined a New Jersey law firm and the debt collection company it worked with and ordered them to stop filing abusive debt-collection lawsuits. The bureau Monday announced the actions against the law firm of Pressler & Pressler in Parsippany and New Century Financial Services of Whippany. The…

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Frank L. Cahill
Frank L. Cahill
Publisher of Parsippany Focus since 1989 and Morris Focus since 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, Governor-Elect NJ District Kiwanis International and Chairman of Parsippany-Troy Hills Economic Development Advisory Board.
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