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CFPB Settles With NY Debt Collection 'Mill' Used By Big Banks

By Katryna Perera ( January 11, 2023, 9:58 PM EST) -- The Consumer Financial Protection Bureau has reached a settlement with a New York debt collection law firm over its alleged use of high-volume litigation tactics such as automation to collect over 99,000 debts without proper attorney oversight, while also scrutinizing major financial institutions like Citibank that used the firm or others like it....

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