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The FTC fines debt collector Asset Acceptance (AACC) $2.5M, the second-largest penalty ever...

Jan. 31, 2012 6:11 AM ETEncore Capital Group, Inc. (ECPG) StockECPGBy: Yigal Grayeff, SA News Editor
The FTC fines debt collector Asset Acceptance (AACC) $2.5M, the second-largest penalty ever levied by the agency as it steps up its crackdown on illegal practices in the industry. Asset's sins included allegedly tricking borrowers into paying debts they didn't legally need to.

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