CFPB and NY Attorney General file federal court action against debt buyers

Barbara S. Mishkin The CFPB announced that, jointly with the New York Attorney General, it has filed a lawsuit in a New York federal court against three companies that purchased consumer debts and two of the companies’ individual principals alleging that the defendants engaged in a “massive illegal debt-collection scheme.” The complaint alleges that the defendants’ conduct violated... More >...(read more)

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