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Encore Settles Debt-Collection Claims in N.Y. Industry Probe

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Encore Capital Group Inc., a buyer of consumer debt, agreed to settle claims that it used improper collection methods in New York, the state’s attorney general said amid greater nationwide scrutiny of the practice.

The San Diego-based debt investment firm obtained judgments against New York consumers for debts that were too old to collect, Attorney General Eric Schneiderman said in a statement today.