| Credit Counseling Agency Pays $2.4 Million to Settle Federal Charges |
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| Wednesday, 17 May 2006 | |
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A credit counseling agency and related companies have agreed to settle Federal Trade Commission charges that they deceptively marketed themselves as a not-for-profit enterprise to entice financially distressed consumers to enroll in debt management plans, and then failed to deliver on promises of personalized credit counseling and dramatic and immediate interest rate reductions.
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