Attorneys general from 41 states, including New Jersey, announced that they reached a settlement with debt buyer and collector Encore Capital Group Inc., and subsidiaries Midland Credit Management Inc. and Midland Funding, over alleged “robo-signing” practices.
The accord requires Midland to provide $1.85 million in debt relief to upward of 1,000 New Jersey borrowers and to ensure that its business practices remain up to snuff, according to an announcement Tuesday from New Jersey Attorney General Gurbir Grewal’s Office.
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