The Consumer Financial Protection Bureau, in partnership with the New York attorney general, said it is looking to shut down an illegal operation involving a network of companies that allegedly harass, threaten and deceive consumers across the country into paying inflated or falsified debts.
The regulators are charging debt collection companies with violating the bureau’s authority to enforce against unfair, deceptive and abusive acts and practices.
Read on to find out what deceptive practices the three companies involved allegedly engaged in.