News Article: Nationwide Debt Collector Will Pay $1.3 Million to Settle FTC Charges

Good Evening one and all and (if you celebrate it) Merry Christmas.

I ran across this article while googling 'Fair Debt Collection Act' and thought that I'd post a link to it here just to further spread the news that collection agencies can and will be held responsible for their actions.

Nationwide Debt Collector Will Pay $1.3 Million to Settle FTC Charges
A Texas-based debt collection company will pay more than $1.3 million to settle Federal Trade Commission charges that it misled, threatened, and harassed consumers in violation of federal law.

“Debt collectors who get complaints from consumers should not only take notice, but also take action,” said Lydia B. Parnes, Director of the FTC’s Bureau of Consumer Protection. “The message from this case is clear: Either comply with the law or face stiff penalties.” (more...)