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Debt Collection Agency Fined Whopping $2.5M

On Monday, the Federal Trade Commission sent a stern message to debt collectors who harass consumers for money they may no longer be legally obligated to pay.

The F.T.C. levied a fine of $2.5 million on Asset Acceptance, one of the nation’s largest debt collection companies, a civil penalty to settle charges that the company acted in bad faith and deceived consumers when trying to collect debts.

The commission has pursued eight cases related to debt collection companies in the past two years.

 

Read More Here.

 

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