FTC Settles Fair Credit Reporting Act Case
From an FTC press release yesterday:
“One of the nations largest debt-collection firms will pay $1.5 million to settle Federal Trade Commission charges that it violated the Fair Credit Reporting Act (FCRA) by reporting inaccurate information about consumer accounts to credit bureaus. The civil penalty against Pennsylvania-based NCO Group, Inc. is the largest civil penalty ever obtained in a FCRA case.”
United States of America, v. NCO Group, Inc., a Pennsylvania Corporation, NCO Financial Systems, Inc., a Pennsylvania Corporation, and NCO Portfolio Management, Inc., a Delaware Corporation. (United States District Court for the Eastern District of Pennsylvania), Complaint, Consent decree.