Industry News

Feds hit debt collector with $1.5 million fine

Agreement settles allegations of credit reporting act violations
Published on May 13, 2004

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by CareyBot

Pennsylvania-based NCO Group, one of the nation’s largest debt-collection firms, has agreed to pay $1.5 million to settle Federal Trade Commission charges that it violated the Fair Credit Reporting Act by reporting inaccurate information about consumer accounts to credit bureaus. ...

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