CFPB Settles with Encore for $15MM Civil Penalties and $78K Monetary Relief
Collection Industry News
OCTOBER 19, 2020
On Thursday of last week, the CFPB filed a stipulated judgment that effectively extends the CFPB’s prior consent order with Encore for five more years in addition to applying certain monetary penalties. Just like that, the case is now over. The penalties include $15 million in civil penalties and $78,000 in monetary relief.
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