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Violation Tracker Individual Record

Company: Encore Capital Group, Inc. et al.
Current Parent Company: Encore Capital Group
Penalty: $12,000,000
Year: 2022
Date: September 20, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Encore Capital Group, Inc., and its subsidiaries, Atlantic Credit and Finance, Inc., Midland Funding, LLC., and Midland Credit Management, Inc., agreed to pay $4.5 million in restitution and cease to collect on an estimated $7.5 million of debts in settlement of allegations the companies were collecting on debts without sufficient proof that the debts were valid and accurate, using misleading collection tactics to obtain payments from consumers experiencing financial hardship, making repeated and harassing debt collection calls, failing to prevent its collection law firm from using falsified information about the existence of lawsuits and judgments, and attempting to collect debts that were beyond the statute of limitations or time-barred.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
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)
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.