French Quoted in Oregon State Bar Bulletin Regarding the Unlawful Trade Practices Act
Lane Powell Shareholder Pilar French was quoted in the April issue of Oregon State Bar Bulletin in an article titled “Looking Out for the Little Guy: Consumer Law Attorneys Say Federal, State Protections Becoming Increasingly Stronger.” The article discusses recent, more strict laws passed by the federal government to better protect consumers, including the Unlawful Trade Practices Act (“UTPA”), which as of March 2010 includes credit card companies, banks and other suppliers of credit that were not previously included. French, who once enforced the UTPA for the Oregon Department of Justice, stated that she was particularly interested in changes to the UTPA.
We’re seeing a number of lawsuits come in alleging violations of the UTPA against various lenders. It’s a significant change in Oregon law because borrowers, if they can establish that there’s been an unlawful trade practice, can recover punitive damages and attorneys fees as well as any financial loss they suffered.