Monthly Archives: April 2017

Pre-judgment Statutory Interest Prohibited on Charged-off Credit Cards in Kentucky

This entry was posted in Credit Cards Kentucky Courts on April 24, 2017 by William Abbey

The Kentucky Supreme Court recently held that a debt collection agency seeking prejudgment statutory interest on a “charged off” credit card account was in violation of the Federal Fair Debt Collection Practices Act (FDCPA). Unifund CCR Partners v. Harrell, 2017 Ky. LEXIS 86 (16 Feb 2017). In Harrell, a consumer […]

Kentucky Law Changes Judgment Interest Rate

This entry was posted in Kentucky Courts on April 3, 2017 by William Abbey

The Kentucky legislature recently passed HB223 which changes the State’s post-judgment interest rate. Kentucky Governor Matt Bevin signed the bill into law on March 16, 2017 and it is scheduled to take effect at the end of June. KRS 360.040 determines the interest rate on judgments and in its current […]