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CFPB orders nonbank to shut down, tell reporting agencies to delete disputed debt data
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Consumer Protection, Nonbank Financial
Tuesday, January 2, 2024
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A nonbank debt collection firm will cease operations and pay $95,000 to
the Consumer Financial Protection Bureau to settle charges for violating the
Fair Credit Reporting Act and the Fair Debt Collection Practices Act.
Additionally, the third-party debt collector must tell credit reporting
agencies to delete all consumer account data the company furnished to them.
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