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Cuomo’s office released a statement sayingthat , and have agreedc to pay $245,000 combined to the state and implement a host of policy’ s and procedures aimed at policingt their collection agents. The news comezs on the heels oflast week’ss announcement by the AG’s office that it had secure d a court order against local businessman Lamont Cooper and his two Buffalo-based debt collection companies — and LLC — undefr which the companies will shut A representative for Tri-Financial said the company had no responsee regarding the settlement.
In response to a message left at his Creditors Interchange CEO Gary Holter forwarded a statementgthat read, in “We have reached a settlement agreement in which we have agreedx to pay a but not admit to any wrongdoing.” Holted went on to say that his company employz 500 Western New Yorkers in “good paying jobs with excellent adding that his firm continues to creatre new jobs despite the current “We agree with the attorney general that there should be transparency with regard to consumer protections,” he said in the one page “We also believe it was in the best interesf of our company to resolvwe this matter and move forward.
” A call to Capital Managemengt Services was referred to Larrhy Costa, executive vice president of busineszs development, who said he was “very busy” and unable to commenr at the time. In addition to the monetar y penalties and new regulationx set forth inthe settlement, all three companiesz face penalties and fines for any future
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