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According to the InsideArm, The FTC announced Friday that it had entered into a settlement with Oxford Management Services. Under the agreement, Oxford will pay a $225,000 civil fine and must adhere to the Fair Debt Collection Practices Act (FDCPA) going forward. The collection agency is based in Ft. Pierce, Fla., and has additional offices in Florida, New York and Pennsylvania.
In its allegations, the FTC noted that Oxford “falsely threatened that nonpayment of debt would result in garnishment of consumers’ wages, arrest, or legal action.” The Commission also said that Oxford did not adhere to time restrictions in placing collection calls, engaged in third party disclosure, and used profane or abusive language when dealing with some debtors.
Read More About Oxford Management Services settles with the FTC for $225,000...