19 May
2 Firms Accused of Deceiving Consumers Seeking Debt Relief
The New York attorney general, Andrew M. Cuomo, sued two large debt settlement firms Tuesday, saying they engaged in fraudulent and deceptive business practices and false advertising.
The suits seek to enjoin the two firms, Nationwide Asset Services and Credit Solutions of America, from many of their business practices, including charging customers before any settlement work is done, and seeks restitution and damages for dissatisfied customers.
“These companies claim to be the light at the end of the tunnel, but time after time they have shown that they only add to the burdens of Americans dealing with debt,” Mr. Cuomo said in a statement.
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