LITTLE ROCK, Ark. (AP) — Arkansas and 18 other states have reached a settlement with a finance company over its debt-collection practices.
State Attorney General Dustin McDaniel announced Monday that NCO Financial Systems Inc. has agreed to pay $950,000 for consumer claims, $50,000 of which will go to Arkansas consumers. NCO Financial also will pay the states $575,000, $26,562 of which will go to Arkansas.
McDaniel and other attorneys general investigated allegations of misleading and abusive debt collection practices by the company. As part of the settlement, NCO Financial agreed to comply with applicable federal and state laws and to notify consumers about their rights under those laws.
A voice mail message left after hours at NCO Financial's offices in Pennsylvania wasn't immediately returned Monday afternoon.
McDaniel says consumers filing claims must meet certain criteria.
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