Sentences with phrase «investigation of debt settlement companies»
In May 2009, Attorney General Mario Cuomo announced a national investigation of debt settlement companies.
https://getoutofdebt.org/ Not exact matches
That's likely an extreme case, but other investigations by state attorneys general and the Federal Trade Commission have routinely found debt - settlement companies with completion rates of 10 % or less.
Cuomo's office issued subpoenas to 14 debt settlement companies and 1 law firm as a part of this broader investigation.
As part of his broad investigation of the debt settlement industry, Cuomo issued subpoenas to multiple debt settlement companies and affiliated businesses.
Nationwide Asset Services, a company under investigation by the New York Attorney General, has disclosed that while Nationwide Asset Services promised consumers debt reductions of between 25 to 45 percent, in fact only 64 customers out of 1,981 actually completed the debt settlement plan.