Consumer Law

Nation’s largest debt buyer reaches $6 million settlement with 42 states

One of the largest debt buyers in the United States has reached a $6 million settlement with 42 states to resolve charges relating to its litigation and collection procedures.

According to the Nebraska Attorney General’s Office, Encore Capital Group and its subsidiaries Midland Credit Management and Midland Funding failed to verify information on affidavits filed in state courts, known as “robo-signing,” when attempting to collect some debts through litigation.

Read the source article at Legal Newsline

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