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EOS CCA announces settlement agreement
Norwell, MA - 12.7.2015
Collecto, Inc. d/b/a EOS CCA today announced it has entered into a settlement agreement with the Consumer Financial Protection Bureau (CFPB) that relates to certain collection and credit reporting activities specific to a single portfolio of telecommunications debt purchased in 2012.
“Prior to the audit by the CFPB, EOS CCA had taken extensive steps to revamp its compliance management system. The Consent Order requirements outlined by the CFPB represent policies and procedures already implemented at the company.
“EOS CCA cooperated fully with the CFPB during the course of its audit and has chosen to the settle matters to move forward and demonstrate its commitment to protecting and treating consumers fairly.
“EOS CCA is pleased to resolve this matter and believes that its practices reflect the highest standards of integrity.”
Director of Marketing