Gov't settles with debt buyer Asset Acceptance
WASHINGTON (AP) — One of the nation's largest consumer debt buyers will pay a $2.5 million civil fine to settle deception allegations.
The Federal Trade Commission said Monday that Michigan-based Asset Acceptance agreed to the penalty and to changes in the way it collects debt. The company buys unpaid debts from credit card companies, utilities, health clubs and others.
The FTC alleged that Asset tried to...
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