CFPB Reaches Settlement With Debt Collector Over Deceptive Practices
Collection Industry News
DECEMBER 21, 2020
According to the Bureau’s Consent Order, the Agency began purchasing and collecting on consumer debt beginning in 2012, and hired debt collection law firms to assist in their collection efforts by suing debtors in 2014. Further, the Agency is subject to a civil money penalty of $204,000 to be paid to the Bureau.
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