| NEW YORK
NEW YORK Jan 13 The U.S. Supreme Court on
Friday agreed to decide whether firms collecting on debt they
bought for pennies on the dollar can be held liable in lawsuits
brought by debtors they targeted under a federal law cracking
down on debt collectors' abusive practices.
The justices agreed to review a lower court's decision to
dismiss a consumer class action lawsuit against Santander
Consumer USA Holdings Inc over allegations it violated
the Fair Debt Collection Practices Act. The case could have a
major impact on debt buyers, a fast-growing segment of the
multibillion-dollar debt collection industry.
(Reporting by Andrew Chung; Editing by Will Dunham)