Posted inBusiness

U.S. Consumer Bureau Bars Payment Firm Over Debt-Settlement Fees

(Reuters) โ€“ The U.S. consumer watchdog said on Thursday it fined payment processor Meracord for helping to collect illegal debt-settlement fees, part of a broader crackdown on companies that offer to help borrowers get rid of debt. The Consumer Financial Protection Bureau said debt-settlement companies, which negotiate with creditors to help borrowers eliminate credit card […]

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