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Caller ID fraud leads to $48 million penalty against debt collectors
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Case Law, Consumer Protection
Tuesday, October 13, 2015
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Skip Tracy sounds like the name of a cartoon character, but it is actually a Caller ID service that the Consumer Financial Protection Bureau found was used by an indirect auto lender and its subsidiary to mislead borrowers into making debt payments and giving information about their vehicles to debt collectors. Read on for more details about the bureau’s consent order against Westlake Services and Wilshire Consumer Credit for violations of UDAAP and the FDCPA.
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