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Monday's announced action resolves an earlier lawsuit filed by the New York Attorney General and Consumer Financial Protection Bureau against the operation for its illegal and deceptive tactics.
New York Attorney General Letitia James announced a predatory debt collection operation based in Getzville has been shut down.
Deb collectors' "emotional terrorism" tactics allegedly included calling friends, family and employers of people who owed money.
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The collection agencies are required to pay $4 million and are permanently banned from the debt collection industry.