FTC hits major debt collector with $3.2 million penalty

  • Article by: Jennifer Bjorhus , Star Tribune
  • Updated: July 10, 2013 - 11:25 AM

Minnesota regulators fined a subsidiary of the company, Expert Global Solutions, for illegal practices, including harassing customers.

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bgmach3Jul. 9, 13 9:08 PM

Excellent! The havemore bank henchmen are going to cough it up, big time. And this is just the beginning of the lower and middle class having their way for once with the corrupt practices of these companies. YAY!!!

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realtruthsJul. 9, 1311:34 PM

Thanks for interesting article. Justice served ! The law of sowing and reaping really works.

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EleanoreJul. 10, 13 8:40 AM

I'd like to see the public Stocks brought back for in your face community accountability. Can't think of a better group of predators who could benefit from them.

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alr213Jul. 10, 13 9:04 AM

"I'd like to see the public Stocks brought back for in your face community accountability. Can't think of a better group of predators who could benefit from them."---do you mean for the debt collectors or for the people who stiff their creditors? Used to be used for both.

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EleanoreJul. 10, 1311:50 AM

"do you mean for the debt collectors or for the people who stiff their creditors? Used to be used for both.' - If we used it for both, I bet we wouldn't have much of a problem with either anymore. Sometimes effective, progressive solutions are no farther away than the middle ages. Cost efficient too.

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richieJul. 10, 13 5:00 PM

A lot of folks went into great debt when W and his buddies crashed the economy .

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pragmatictafJul. 10, 13 9:04 PM

A long time ago, banks never cared about poor people. They're were not enough to loan money to because they were too poor to qualify. Then they lobbied for financial reform that created so many, they figured out that collectively there was money to be had. They have been openly preying on them ever since. These penalties are a small price to pay to exploit, bankrupt, and pick at what's left of the bones. God Bless Capitalism.

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