In response, lenders often sell delinquent accounts to debt collection firms at a discount to recover some of that money. (lendedu.com)
Two other debt collection firms faced enforcement action Thursday for misconduct other than hiring felons. (startribune.com)
On Friday, Attorney General Eric T. Schneiderman announced that his office reached a settlement with Forster & Garbus, one of the largest debt collection firms in New York State, to ensure that it does not file actions against New Yorkers to collect on payday loans. (thebronxchronicle.com)