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Debt collector hit with enforcement action for deceptive misrepresentations
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Consumer Protection
Friday, April 3, 2015
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Continuing its focus on debt collection, the Consumer Financial Protection Bureau announced an enforcement action against a “bad check” debt collector, National Corrective Group, that allegedly deceived consumers by using misleading letterheads and misrepresenting the possibility of prosecution. The bureau used its UDAAP authority as well as the Fair Debt Collection Practices Act to prohibit what it found to be deception.
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