U.S. consumer bureau bars payment firm over debt-settlement fees
WASHINGTON Oct 3 (Reuters) - The U.S. Consumer Financial Protection Bureau fined payment firm Meracord for allegedly helping others to collect millions of dollars in illegal debt-settlement fees.
The company agreed to pay a $1.376 million penalty and is barred from processing payments for debt-settlement companies, the agency said on Thursday.
Meracord neither admitted nor denied the allegations. (Reporting by Aruna Viswanatha; Editing by Lisa Von Ahn)
- Flights delayed as air pollution hits record in Shanghai
- White House reverses, says Obama met uncle and lived with him during law school
- South Africa mourns Mandela, will bury him on December 15 |
- French launch Central African Republic mission but deaths mount
- Supreme Court to decide on patent protections for software