N.Y. regulator wants stricter rules to stop robo-signing

10/20/2013 | AmericanBanker.com (free registration)

Superintendent of New York's Department of Financial Services Benjamin Lawsky wants the state to make it tougher for debt collectors to win court judgments without better documentation. Lawsky says, for example, that rules should stipulate that collectors must provide more evidence when they file documents to avoid robo-signing.

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