Posted inCharlene Crowell, Columnists, Financial Literacy, Op-Ed, Opinion

N.Y. AG, CFPB Pair to Fight Debt-Collection Scheme

A new federal lawsuit alleges that since at least 2009, two major players in the debt collection industry have illegally operated, harassed, threatened and deceived millions of consumers across the country — often for debts that were either inflated or not even owed. The scheme based in Buffalo, New York, also netted tens of millions of dollars in revenue each year.

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