ICYMI: CFPB Takes Action Against Fair Collections & Outsourcing for Misrepresentation and Failing to Investigate ID Theft.

In case you missed it, on August 17, 2021, the CFPB issued a press release in which it announced it filed a proposed settlement agreement to resolve a lawsuit against Fair Collections and Outsourcing (FCO). The settlement would require FCO to pay $850,000 and overhaul its policies and procedures.