Debt Collectors Dealt A Serious Blow: Asset Acceptance Accepts $2.5 Million Penalty
Asset Acceptance, a large debt buyer and collector, agreed to pay $2.5 million to settle a claim by the Federal Trade Commission. Read the official report here. The FTC alleged that Asset Acceptance engaged in a variety of unlawful debt collection practices, including threatening to sue on debts that were so old that they were time-barred by the applicable statutes…