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NCO Pays $300,000, Denies Wrongdoing

NCO Group has agreed to pay Pennsylvania $300,000 to settle more than 800 consumer complaints. The payment will be applied toward covering the state attorney general’s costs in investigating the complaints as well as to future efforts. Consumers had complained that they received what the attorney general termed abusive or threatening calls from NCO.

In entering into an agreement known as an “Assurance of Voluntary Compliance” with the state, NCO denies that it has engaged in unlawful or inappropriate business practices in Pennsylvania, where it is headquartered.

NCO Chairman and CEO Michael Barrist, says in a statement on the settlement: “It has always been our policy to work with regulators to assure that we are promptly and effectively responding to consumer issues.” NCO contends it is the largest collection agency in the world, contacting consumers 400 million times a year.

Source: Credit and Collections World



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