Furthermore, the defendants failed to provide legally mandated disclosures to consumers.
CFPB, AG James will not tolerate predatory debt collectors
In a statement, CFPB Director Rohit Chopra said, “It is illegal for debt collectors to orchestrate smear campaigns using social media to extort consumers into paying up. Our action with the New York Attorney General bans the ringleaders of this operation from the industry to halt further misconduct.”
On the other hand, AG James commented, “This debt collection operation used illegal and deceptive tactics to prey on consumers, and now they are paying the price for the harm they caused.”
“Today’s action should send a strong message to debt collectors nationwide that we will not hesitate to use the full force of the law to hold them accountable if they hurt consumers,” added AG James.
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