Two Top Prosecutors Go After Debt Collection Agencies
In recent news it was revealed that powerful prosecutors in Louisiana and Washington made announcements of actions they had obtained against debt collection agencies and their owners and managers.
Louisiana’s attorney general James Caldwell declared on Friday that his office had gotten a hold of injunctions against two collection agencies and their owners. On the same day, Rob McKenna, Washington’s Attorney General said that his office had settled charges with a collection agency that had sworn to stay on the straightened arrow. In a press release, Caldwell’s office said that in late December they had gotten a hold of an injunction against Bush and Kennedy, Inc, a Baton Rouge based collection company. The order he won placed limitations on the business, banning them from operating further, and specifically, ordered that two of the firm’s principals, Quay W. Pattott Jr, and William S. Fesguson were banned from conducting business together.
Late last week, a judge smacked Ferguson and Parrott with added injunctions as per the request of Caldwell’s office. Ferguson is blocked from using deceptive and unfair acts and practices at his current place of business, Franklin, Grant and Associates Incorporated, a collection agency based out of Metairie Louisiana. Parrott is totally restricted against conducting any new business at his new place of work, Metairie based Halsey and Associates, LLC.
McKenna’s Washington office said that Topco Financial Services Inc, a Washington based collection agency conceded not to threaten, harass or curse out debtors as part of a settlement. The collection agency has been commanded to pay around $38,000 in legal fees and penalties. An extra $82,000 in fees and penalties were suspended provided that the company agrees with the settlement terms.
In accordance with their agreement, Topco is prevented from harassing, intimidating, threatening and embarrassing debtors, including using profanity. They are restricted from implying that failure to pay a past due bill will result in suspension, a revocation, or impairment of the debtor’s driver’s license. They are prohibited from threatening debtors with impairment of their credit rating. However, the company is allowed to legally announce debts to credit reporting agencies.
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January 17, 2012
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Posted by Takara Alexis

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