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Violation Tracker Individual Record

Company: Midland Credit Management, Inc.
Current Parent Company: Encore Capital Group
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $750,000
Year: 2012
Date: August 20, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Midland Credit Management agreed to pay $750,000 to settle allegations it engaged in unfair, misleading and threatening practices against debtors while operating as a debt collection agency.
Level of Government: state
Action Type: agency action
Agency: Arizona Department of Insurance and Financial Institutions
Civil or Criminal Case: civil
Facility State: Arizona
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: debt recovery
Source of Data: (click here)
Notes: This case was brought by the Arizona Department of Financial Institutions before it merged with the Department of Insurance.
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.