A consumer debt buyer recently agreed to a $12 million settlement to resolve allegations by the Massachusetts Office of the Attorney General of a variety of allegedly unlawful debt buying and collection practices.
More specifically, the Massachusetts Attorney General reached an Assurance of Discontinuance with the consumer debt buying and collection company and its affiliates. The company denied all allegations made in the assurance but agreed to pay a $4.5 million fine, cease collections activity on another $7.5 million in uncollected debts, and to comply with various restrictions on its business practices as to Massachusetts debtors.
A copy of the Assurance of Discontinuance is available at: Link to Assurance.
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