Texas Takes A Stand Against Abusive Creditors

[New York Bankruptcy and Consumer Law Blog] Texas Attorney General Greg Abbott today settled with Cross Country Bank Inc., now known as Applied Card Bank, and its affiliate, Applied Card Systems, ending a scheme aimed at consumers with low incomes or tarnished credit scores. In addition to paying $1.3 million in penalties and attorneys’ fees to the state, the defendants must provide refunds and/or credits to eligible consumers. ...

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