Debt Collector Reaches Settlement With 41 States

A major debt-purchasing operation has reached a settlement with 41 states and the District of Columbia to resolve the states’ investigation into debt-collection practices.

Encore Capital Group, Inc. and its subsidiaries Midland Credit Management, Inc. and Midland Funding, LLC, one of the nation’s largest debt buyers, resolved a probe that alleged the companies collected money without verifying the money was actually owed.